NEO puts pressure on 20 Resistance with Extension 28 (VWMA/FIB)

Long on NEO since 13 and will book +100% profit if it reaches the resistance (28). A failure below 18.86 will conclude this rally. So far it is strongly bullish and should push further.

Commento:

NEO failed to hold above 20 with crypto sell-off and touched below 18.86. Still, the weekly has to be close and we see some buying pressure on BTC for the past 4H since it is holding 10K on shorter horizons. This all depends on crypto market now. What my plan is to hold for next few days and see if the price surges again like TRX. Heiken Ashi on weekly remains strongly bullish though as NEO has to close red to continue selling.

Commento:

Retesting 1D double top:

Breakout, the target is 28 extension,

failure, we will revisit 15.

Commento:

4H inverted H&Shoulder nearing its completion, upside the same:

Commento:

FinCEN files puts fear on crypto and the upward broken inverse H&S pattern partly failed and now NEO is putting pressure on 15. By the end of the week, the situation may get clearer as people often interpret the news slowly

Commento:

Trade chiuso: obiettivo raggiunto:

The rally concluded as it breaks below 18 marks. I am now rebuilding NEO longs as I truely believe crypto rally is coming.