Hello Friends,
Not much to say here, looks like the ascending ABCDE channel is yet to hit it's mark. The Bill Williams Fractal says no buy yet on the daily however the weekly chart is beginning to form a inverted hammer candle as is the RSI nearing oversold. I would wait a bit longer before buying into this ALT and see where it will head in the following days. If the weekly candle closes as an inverted hammer candle, that should put NEO into or near oversold RSI and at the projected daily chart of the predictable channel towards its target for a bounce upwards for a change of trend. Observe on this chart the stop loss and the buy zone.
Details on the Chart.
This is my viewpoint and my opinion. I am not giving advice but only sharing what I see. Do not enter a trade on my TA but do your own homework.
Cryptocurrency is volatile and very risky. Never invest what you can't afford to lose and always educate yourself and continue to do so when making any kind of investment.
If you find this information helpful, then please hit the like button. Your support is appreciated. Thank you!
CYA on the next one...until then, the trend is your friend. Buying on the dip and selling on the hype.
Cheers!
Not much to say here, looks like the ascending ABCDE channel is yet to hit it's mark. The Bill Williams Fractal says no buy yet on the daily however the weekly chart is beginning to form a inverted hammer candle as is the RSI nearing oversold. I would wait a bit longer before buying into this ALT and see where it will head in the following days. If the weekly candle closes as an inverted hammer candle, that should put NEO into or near oversold RSI and at the projected daily chart of the predictable channel towards its target for a bounce upwards for a change of trend. Observe on this chart the stop loss and the buy zone.
Details on the Chart.
This is my viewpoint and my opinion. I am not giving advice but only sharing what I see. Do not enter a trade on my TA but do your own homework.
Cryptocurrency is volatile and very risky. Never invest what you can't afford to lose and always educate yourself and continue to do so when making any kind of investment.
If you find this information helpful, then please hit the like button. Your support is appreciated. Thank you!
CYA on the next one...until then, the trend is your friend. Buying on the dip and selling on the hype.
Cheers!
Trade closed: stop reached