Increased activity on NEO suggests that buyers are accumulating positions in anticipation of a breakout move to the upside.
Accumulation at support at .002730
Stoch RSI is OVERSOLD
4hr Chart
False break of support, which is a bullish sign
1hr Chart
1hr pinbar rejecting support
Trade Management
Enter: Up to 2730
TP1: 3314 (20%)
TP2: 3910 (43%)
TP3: 4400 (60%)
TP4: 4900 (79%)
As usual, this assumes that BTC continues moving higher. If BTC slumps again, most alts will also take a dive.
Good luck!
Accumulation at support at .002730
Stoch RSI is OVERSOLD
4hr Chart
False break of support, which is a bullish sign
1hr Chart
1hr pinbar rejecting support
Trade Management
Enter: Up to 2730
TP1: 3314 (20%)
TP2: 3910 (43%)
TP3: 4400 (60%)
TP4: 4900 (79%)
As usual, this assumes that BTC continues moving higher. If BTC slumps again, most alts will also take a dive.
Good luck!
Nota
Price has taken a drop in-line with Bitcoin and has now broken below the short term support line. Expect price to retest the resent low at 2430.
Price will likely head to the descending channel low that is more clearly seen on the 4hr chart.
Nota
Nota
So for now we wait until the a test of the lower channel.Trade attivo
A lot of volume activity starting to happen.Trade opened at 2715
Nota
I noticed that there is highly confluent resistance around 3900 so take profits slightly before this level.- Previous SR
- Fibo 38% retracement
- 50 MA
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.