TradingView
carlosdelagarza
Aug 16, 2017 2:38 AM

Time to correct on NEO Short

BITTREX:NEOBTC240
Neo / BitcoinBittrex

Description

⋅

The cryptocurrency Neo (formerly known as AntShares) has given a lot of talk lately. There is too much hype around the "China Ethereum", but I think it's time to correct.

Volume is decreasing on SHS pattern.

Target should be around 0.08-0.095 zone.

Note: Trade at your own risk, this is an especulation.

Comment

⋅
Price it's on our main target zone

Comment

⋅
Price touching secondary target

Comment

⋅
If price breaks the dotted line you can even have more profit

Comment

⋅
Price breaking his uptrend

Comment

⋅
Free profits at secondary target

Trade closed: target reached

⋅
Hope you got profits
Support and ResistanceHead and ShouldersGann FanNEONEOBTC
Comments
atkelley22
⋅
Do you still think it's going to correct correct all the way down below .01? It looks pretty bullish currently. Trying to break $50 again. I sure do hope it falls. Thanks for the chart!
carlosdelagarza
⋅
@atkelley22, bullish? Yeah I think it's going to fall. You're welcome :)
Zaeem
⋅
Disagree with the TA..
carlosdelagarza
⋅
@Zaeem, also market is disagree with you...
Zaeem
⋅
@carlosdelagarza, My bad. Analysis came out to be good in the end. Good Job. What do u think would be a good entry point now based on charts ?
carlosdelagarza
⋅
@Zaeem, 0.008-0.10 are nice points, 0.007-0.008 it's the perfect point
Toothpickle
⋅
This is incredibly forced. Necklines typically don't have this much slant.
carlosdelagarza
⋅
@Toothpickle, lol what?
More