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WaineNZeddmo
Aug 16, 2017 5:48 PM

NEOBTC 4H CHART NEO ENTRY SIGNAL Long

Neo / BitcoinBittrex

Description

NEO is currently on a bullish rally. And in short-term consolidation forming a symetric triangle.

Current levels are above historic uptrend (light-yellow), but still there is possibility for short-term profit according to TA.

Entry/Exit/TP levels are shown in the assumption ATH at 0.01398 will break, this could lead to the next level near 0.0187 with a R/R of 2.87.

If price does not break ATH, then this R/R gets reduced to 0.87.

Entry can be confirmed with MA20 cross and MACD heading towards signal.

A MACD cross would give you a higher entry level but perhaps less risky.

WNZ
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Order cancelled

H&S confirmed. Next watch zone 0.0055 - 0.006

Comment

H&S failing on the 1H chart, possibly because of BTCUSD short term reversal.
Comments
Lucasxhy
Are you just going to ignore the clear head and shoulder pattern formation ?
WaineNZeddmo
@Lucasxhy, Nice view. Trade will become active if H&S fails, you can set up entry level at 0.0126 just to be sure.
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