It already broke down 0.236 level on 4 hour chart
Based on MACD future crossover and past crossovers I guess it will descend more...
If it goes back to 0.236 retracement and breaks it up , then trangle wil no longer be valid.
I know this chart has to go deep down in a short period for this triangle to cross but who knows...
I will keep an eye on NEO, will be a part of my portfolio for 2018 for sure... just searching for a great oppurtunity to buy in
On the other hand, it already has had a great correction by now (as well as the whole market) and I am actually suspecting a pullback for all alts within a monht.
I am curious about all your opinions on NEO and want to know what I can expect according to you.
Just an amateur here playing with charts
Based on MACD future crossover and past crossovers I guess it will descend more...
If it goes back to 0.236 retracement and breaks it up , then trangle wil no longer be valid.
I know this chart has to go deep down in a short period for this triangle to cross but who knows...
I will keep an eye on NEO, will be a part of my portfolio for 2018 for sure... just searching for a great oppurtunity to buy in
On the other hand, it already has had a great correction by now (as well as the whole market) and I am actually suspecting a pullback for all alts within a monht.
I am curious about all your opinions on NEO and want to know what I can expect according to you.
Just an amateur here playing with charts
Comment:
As I thought, the 0.236 level was broken up, new triangle could be drawn somewhat more to the right