Trading suggestion:
. There is a possibility of temporary retracement to the suggested support line (46.30). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. NEOUSD is in an uptrend and it is expected to continue.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is...
As we can see both during the last uptrend of Neo on the chart, and the most recent downtrend, it seems to respect
the Fibonnaci retracement and extension rules. On the down side it has touched and behaved as we would expect it to on the Fibonnaci on a number of occasions, bouncing between each level and trading within the channels each time.
These levels are...
NEO looks to be heading towards the horizontal resistance for a fourth challenge.
Disclaimer
This is not trading advice. All content/ information shared in this idea is purely educational in nature and is expected to be used for analysis and illustration purposes only.
Do not trade or speculate based on the information provided.
Trust your own...
Third Chance Trade Setup summary:
Profit targets=203% = {TP6 = 16% + TP7 = 37% + TP8 = 61% + TP9 = 89%}
Stop Loss =24%
Reward/Risk > 8.4 : 1
New Trading suggestion:
". There is still a possibility of temporary retracement to suggested support line (23.0500) again.
if so, traders can set orders based on Price Action and expect to reach short-term...
At the beginning of 5th Wave Impulse here. Fibonacci levels for goals and expected time for completion. Invalidated if we drop below start of fractal. I will be watching this space carefully and modifying goals, as the market action unfolds.
Second Chance Trade Setup summary:
Profit targets => 76% = {( TP4 (20.61120) = 27% + TP5 (24.30101) = 49%)}
Stop Loss => 21% (14.50133)
Reward/Risk > 3.6 : 1
New Trading suggestion:
. There is still a possibility of temporary retracement to suggested support lines ( 15.55 & 16.87258 ) again. if so, traders can set orders based on Price Action and...
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (9.59874). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. NEOUSD is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic...
NEOUSD Long Enter at 9.19usd. In the exchange rate, we try to trade the rule that the ATR closes with a symmetric motion of the wave sequence. I've written about this set of rules many times. It is based on the simplest and fastest way to identify a wave amplitude near the ATR closing values when constructing an exchange rate (either). If the same amplitude is...
NEOUSD further rise. The exchange rate builds a rising wave system. My analysis assumes that we are nearing the end of a 2: 1 fractal copy. You can see that the correction fractal is currently being duplicated twice. Therefore, I assume that once this is completed, the exchange rate will return to north again. Target price 18.93usd
Elliott Wave Interpretation.
All levels are based on the termination of wave 3 at 19.25. This is where wave 3 will have travelled 161.8% of the distance travelled in wave 1 and is the most common Fibonacci relationship between wave 1 and 3. Should we break through this level this analysis would no longer be valid.
BITFINEX:NEOUSD
Nice setup for $NEOUSD in February
Overall, the bearish case looks weak with a few divergences that had already happened in the past few weeks on the way down.
The support build-up sits at EMA-50 and EMA-200.
Buy orders should be placed around the $10 mark with tight stop losses around $9.5 for both targets.
Target #1
The first target...
NEOUSD long. TP 13.53 usd. I suppose we see fractal copying. The red narrow square in the analysis is the "spike area". The narrow green blue rectangle indicates the fractal shift. The right side arrow shows the direction of the shift. I see the exchange rate correcting, so I'm waiting for a north turn. The target price for the next wave sequence is 13.53 usd.
Technical analysis:
. NEO/Dollar is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 50.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (8.5 to 6.5). if so, traders can set orders based on Price Action and expect...
BITFINEX
