Hello My Dear Supporters!
NEO/USD Daily Chart
Neo is a popular coin which has been building nicely. Having rallied up strongly through Dec/Jan it has pulled back to support at 83.83 and started another leg up. It has recently broken the 125.91 (Red Horizontal line) level, and the 20 EMA (The Blue Line) then pulled back to retest (Hit) the Horizontal line yesterday, and is bouncing up again today. This is a classic ABC pattern (Advance through the level, Pull Back to the level, and Continue in the original direction.
A close of the current bar above recent highs at 138.45 would be a strong buy signal. The aggressive entry is to buy on the break of the level. I think this is a good play on this move. The conservative is to buy the high of the bar. I will write the conservative up.
Buy the high of this bar if it closes above $138.45.
Stop Loss $121.00
Targets just before the Blue Lines
$146.32 Target 1
$167.79 Target 2
$189.59 Target 3
If price falls below $121.00 this trade is invalid.
As price breaks 138.45 and has pullbacks good 4hour and Hourly trades will turn up, please ask us for updates on those as they develop
I welcome new members to follow dollarsandsenses for more profitable trade ideas!
Daily Quote
"In investing, what is comfortable is rarely profitable." - Robert Arnott
At times, you will have to step out of your comfort zone to realize significant gains. Know the boundaries of your comfort zone and practice stepping out of it in small doses. As much as you need to know the market, you need to know yourself too. Can you handle staying in when everyone else is jumping ship? Or getting out during the biggest rally of the century? There's no room for pride in this kind of self-analysis. The best investment strategy can turn into the worst if you don't have the stomach to see it through.
NEO/USD Daily Chart
Neo is a popular coin which has been building nicely. Having rallied up strongly through Dec/Jan it has pulled back to support at 83.83 and started another leg up. It has recently broken the 125.91 (Red Horizontal line) level, and the 20 EMA (The Blue Line) then pulled back to retest (Hit) the Horizontal line yesterday, and is bouncing up again today. This is a classic ABC pattern (Advance through the level, Pull Back to the level, and Continue in the original direction.
A close of the current bar above recent highs at 138.45 would be a strong buy signal. The aggressive entry is to buy on the break of the level. I think this is a good play on this move. The conservative is to buy the high of the bar. I will write the conservative up.
Buy the high of this bar if it closes above $138.45.
Stop Loss $121.00
Targets just before the Blue Lines
$146.32 Target 1
$167.79 Target 2
$189.59 Target 3
If price falls below $121.00 this trade is invalid.
As price breaks 138.45 and has pullbacks good 4hour and Hourly trades will turn up, please ask us for updates on those as they develop
I welcome new members to follow dollarsandsenses for more profitable trade ideas!
Daily Quote
"In investing, what is comfortable is rarely profitable." - Robert Arnott
At times, you will have to step out of your comfort zone to realize significant gains. Know the boundaries of your comfort zone and practice stepping out of it in small doses. As much as you need to know the market, you need to know yourself too. Can you handle staying in when everyone else is jumping ship? Or getting out during the biggest rally of the century? There's no room for pride in this kind of self-analysis. The best investment strategy can turn into the worst if you don't have the stomach to see it through.
交易進行:
Both our conservative and aggressive entries are entered as the ABC Chart Pattern has completed nicely.
We are just pushing through the recent highs at 138.45 and making positive progress up towards Target 1. Its a Really good decisive bar that has put us in and the trade looks good.
WE will keep an eye on 4h and H Charts and advise if we get any extra entries on the shorter Time frames.
D&S bringing you TA you can use
We are just pushing through the recent highs at 138.45 and making positive progress up towards Target 1. Its a Really good decisive bar that has put us in and the trade looks good.
WE will keep an eye on 4h and H Charts and advise if we get any extra entries on the shorter Time frames.
D&S bringing you TA you can use
評論:
We are looking strong for target 1
