Lets take a look at the neo markets on 1 day candles to get an idea of what is happening.
In my opinion NEOUSD is undergoing a very healthy correction, however it is important to note that we are currently in bearish trend, not really surprising considering the markets at the moment.
We can see that NEOUSD found strong support around $100 where prices were...
For novices out there, Pump and Dumps are NOT created to benefit you. It's a total scam, and you should never fall for this.
The leaders of these P&D groups decide on which coin they are going to pump MONTHS in advance so they can buy the coin at a lucratively low price.
Then, they "announce" what coin it is and when their thousands of followers go and buy those...
A bullish white swan pattern is beginning to form on the daily chart. This pattern is also supported by demand zones on both the Daily and Weekly timeframe (only daily demand present on the chart as overlapped).
Initial target PT = 0.78425
Extended target PT = 0.80426
Happy trading :)
After the huge altCoin sell of most of them will recover to new ATH soon.
BTC is moving sideways, most likely until the 25th of October when people start to realize, there is no free money, since Bitcoin Gold will be worthless ... Bitcoin Gold holder will exchange again real BTC. This will let Bitcoin Gold tank hard. Some ppl will cash out that BTC to real FIAT...
The trend is going up for now but:
1. Don't buy now. Its too risky to pick tops.
2. Take your profit and wait for another breakout out of a flag to go long (look at the related idea).
3. The trend is still going up so don't short unless the support level of the latest high is broken to prove that the trend is broken.
4. Sometimes doing nothing is the right choice....
Can anyone help with this? I am just trying to learn: do you think it's reasonable to say that looking at MACD orientation, and RSI overbought, silver will go further down, or at least not break up through the triangle (as I expected) ? What's your opinion? Thanks!
Sorry about the colour contrast.
MONTHLY/WEEKLY/ Chart Analysis.
The recent strong bullish movement looks to change the direction of the trend, but at this current time it is still within the downward trend and following the down trend pattern. A reversal at the 0.382fib or 0.80586, is what i'm seeing atm, looking to continue down to the 0.64686 mark if the...