NEO losing steam (5 Waves In)
After going through the chart at depth, I strongly believe the 5 waves have already materialised and further correction is due.
I found textbook fib retracements for all my waves. 4h MACD shows a bearish crossover.
However the future track of NEO will largely depend on how BTC performs.
We shall get confirmation that we are in a Sub Wave 3 if the right shoulder is formed.
For those who prefer chart trend patterns. A 5 wave structure followed by 3 wave correction looks and acts like a Head and Shoulders Pattern.
I found textbook fib retracements for all my waves. 4h MACD shows a bearish crossover.
However the future track of NEO will largely depend on how BTC performs.
We shall get confirmation that we are in a Sub Wave 3 if the right shoulder is formed.
For those who prefer chart trend patterns. A 5 wave structure followed by 3 wave correction looks and acts like a Head and Shoulders Pattern.
Catatan
Neo is closing in to the overhead resistance line on the daily.
A few days ago it has a false breakout. Lets see how it fares this time.
Trade aktif
The update is here
Catatan
Wave 3 hit targets perfectly. Lets see what Wave 4 wants to do.
Catatan
Wave 4 touched the box. Now looking at the daily chart I see that RSI (9) has given a regular bearish divergence. NEO will take a while to recover out of that.
So I'm much more confident that it will drop to 70 and then low 60s.
Trading ditutup: target tercapai
Only took 5 days. Now that was a quick trade.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.