NEO USD 4H seems to be on an asc wedge. Got incoming resistance from prev support turned resistance, Ichi, and MA+EMAs. Bullish on the tech/platform long term. One of the "safer bets" for the incoming bull run IMO (especially w/ NEO 3.0 incoming, and more ICOs). Thoughts? Points against? Still learning... please be constructive if any. Thanks!
Mnthly - The Kijun Sen (pink line) at $163 is crucial support, as always on monthly charts. If the market closes below, and in a bearish manner, we could see FB sell off substantially, down to perhaps $105. Notice the KS held as support 3-4 months ago. Watch that support near $150 (previous swing low) if KS is breached. Weekly - The close last week within the...
Broke out last week. Trend will continue as dollar gains strength
I'm looking for a pull back to the cloud for support and enter. Targeting the daily Senkou Span levels for exit.
From a graphic analysis emerges the breaking of a right-angled triangle, with a first target at 475 and a second target at 520. At the same breaking point of the triangle occurred a bullish cross between Tenkan Sen and Kijun Sen by Ichimoku Kinko Hyo. The future Kumo is bullish to confirm this thesis. Further confirmation is given by the bullish rupture of Chikou...
On Friday, Natural Gas continued it's bullish move higher. If you are long (like I am) you can use the 6 or 8 day moving averages as your trailing stops.