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Alteroc
Jun 13, 2018 1:32 PM

NEO - Elliot correction completed - LONG Long

BITFINEX:NEOUSD1D
NEO / DollarBitfinex

Description

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Hi all,

Here is a overview of NEO daily chart.

- Set of 5 Elliot wave is being completed in this Bear Market
- NEO at key long term support
- RSI oversold at 27
- Falling wedge on RSI
- Price compressed between support and resistance lines.

/!\ Downward breakout - Target $25
/!\ Upward breakout - Target $83

This forecast is not a financial advice, study, exercise yourself, put into question your reasoning.
Well, strive to be a better trader tomorrow than we are today.

All the Best from the Crypto Space
Alteroc



AI Trader assistant, includes Bitmex (15% discount) --> app.aitrader.ai/referral/ap3m9
twitter.com/alteroc_trading

Comment

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Downward parallel channel on the 2H TF

Comment

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We want to keep on the daily at this Bullish harami 2 candles pattern.

Comment

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A quick view on where it's safe to place long buys. Outside and above the yellow triangle.

Comment

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NEO currently heading to the $33 long term support, good buy area
Trend AnalysisWave AnalysisTechnical IndicatorsNEOneousdNEOUSDTelliotwaveanalysisdecisionpointLONG
Comments
UnknownUnicorn288635
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Excelent analysis! Thanks, man!
Alteroc
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@G.grunewald, Thank you, it's much appreciated. I added a new update regarding the daily ;)
UnknownUnicorn756016
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exactly same with my analysis
Alteroc
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@lordoflappland, Fingers crossed, If not stop loss will do the job ;)
Alteroc
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A quick view on where it's safe to place long buys. Outside and above the yellow triangle.

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