It is following the 1/2/3/4/5 pattern, and broke trough the support area it had in jan/feb. Crypto will continue to go down, stay strong and short positions at these market conditions. HAPPY TRADING FOLLOWERS!
What's up traders, straight into the analysis! Here we are analyzing NEO/USDT on the 1D chart. We can see a classical signal for a breakout, candle with short body and long tail. For entry, you can wait than candles to break out the black tunnel. First Target Fob 0.5 --> 104.99 to 110 $ Short position Second Target Fib 0.236--> 128 to 135 $ Long position...
First of all this is my post on here so for mistakes & misunderstandings. I know Elliot is not clear enough so I wanted to support it with parabola. And I also know the correction of Elliot should be more dip but 100 USD is the psyhcological border in my opinion. MACD is a bit freak as you see. Volume osc looks like it want to make a new rebuy zone RSI is...
HEEY GUYS LET ME KNOW WHAT DO YOU THINK ...APPRECIATE THE FEEDBACK CHEERS
Neo has been in a period of consolidation which is healthy after a long run in both price and volume. Right now we're in a slightly downward channel (the green bars). On the 45min and 1hr chart we're seeing the potential for a bull flag/pennant forming at the end of the chart, which could indicate a trend reversal. Watch for the flag to form and break the upper...