Crypto_Ed

What's next for $NEO?

BITTREX:NEOBTC   Neo / Bitcoin
2643瀏覽
45
2643 5
We can see that NEO made a 5 legs up, did an ABC correction and alreay touched the target box at C.
After touching C, it looks like an attempt to break out of the downtrend (yellow trendline ), tested the blue trendline and failed.
RSI downtrend didn't break either.
Looking at the whole market, I would advise to stay out of NEO for the time being and wait for a confirmation that it's starting a new uptrend. For now,(based on my rules) I don't see reasons to go long from here.
A deeper test into the targetbox may happen......

I will update when I see better conditions.
評論: After a fresh look at the chart, I've come to the following which makes it a lot clearer to me: We've seen a 5 legs up, followed by an ABC correction which already retraced (just) enough to hit my usual targetzone based on fibonacci.
This downtrend (abc correction) looks like a big bullflag to me and its just a matter of time before it breaks out to the upside.
Tradingadvice: wait for a clear breakout, check my link below "how to trade breakouts"

Thank you for your informed analysis of the various crypto charts. Your explanations are much better than most commentators and very refreshing. Cant wait to pick up more tips from an experienced trader like your self.
+1 回覆
Nice one Ed! Nice update. Saw the flag forming too :)
+1 回覆
thanks for sharing!
+1 回覆
I was struggling to figure out what is going on with NEO. Thanks for the update! I look forward to your future thoughts as this develops!
+1 回覆
Thanks ed.
+1 回覆
首頁 股票篩選器 外匯篩選器 加密貨幣篩選器 全球財經日曆 節目 如何運作 圖表功能 價格 網站規則 版主 網站 & 經紀商解決方案 小工具 圖表解決方案 輕量圖表庫 幫助中心 推薦朋友 功能請求 部落格 & 新聞 常見問題 維基 推特
概述 個人資料設定 賬戶和賬單 推薦朋友 我的客服工單 幫助中心 發表的想法 粉絲 正在關注 私人訊息 在線聊天 登出