Buy NEOETH now. Yesterday (14th March 2019) daily candle broke Donchian's previous day upper line. Really this is the first time such is happening since the bottom. It may suggest we are entering into a new trend. Price is attempting MA200. RSI is bullish.
Wave count may suggest we are entering into an impulse wave 3. PVO is bottoming.
Target can be either 2.618 or 3.618 fib - with an impulse wave 3 3.618 can happen - it also conflueces with a resistance zone formed around 0.127 levels. Target will be set to 0.12499.
If the above may fall apart SL can be set to lower than wave 2's low or when daily candle breaks Donchian's lower line - whichever is earlier - no later than under 0.056. RR: 1:4.
Please trade carefully and onlyl with money you can afford to lose! Thank you and comments are more than welcomed!
Wave count may suggest we are entering into an impulse wave 3. PVO is bottoming.
Target can be either 2.618 or 3.618 fib - with an impulse wave 3 3.618 can happen - it also conflueces with a resistance zone formed around 0.127 levels. Target will be set to 0.12499.
If the above may fall apart SL can be set to lower than wave 2's low or when daily candle breaks Donchian's lower line - whichever is earlier - no later than under 0.056. RR: 1:4.
Please trade carefully and onlyl with money you can afford to lose! Thank you and comments are more than welcomed!
Trade closed: stop reached