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.
Transaction en cours
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.
Note
On track Trade fermée: ordre d’arrêt atteint
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Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.