NEO - Expect correction to $34
Dear all,
Yesterday was a nice ride for longs. Now things need to cool off a bit.
NEO was one of the strongest coins and I anticipate the following retracement to $34.
Assumptions:
- RSI overbought and in rising wedge
- Price face resistance and starts to retrace within rising wedge
Target is the 0.618 fib level of current extension.
All the Best from the Crypto Space
Alteroc
Not a Financial advise, be a better trader tomorrow than you are today by DYOR.
Yesterday was a nice ride for longs. Now things need to cool off a bit.
NEO was one of the strongest coins and I anticipate the following retracement to $34.
Assumptions:
- RSI overbought and in rising wedge
- Price face resistance and starts to retrace within rising wedge
Target is the 0.618 fib level of current extension.
All the Best from the Crypto Space
Alteroc
Not a Financial advise, be a better trader tomorrow than you are today by DYOR.
Trade ativo
NEO is still evolving in at the $37 mark.
2 options here:
- NEO makes an attempt to $40 before exiting wedge
- Or we will reach $34 within a day or two.
As always BTC will mainly decide.
Nota
On track Trade fechado: stop atingido
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.