NEO/BTC - NEO Descending Wedge Watching for Potential Reversal

2 wrz 2017

NEO is still within the descending wedge (we've been tracking this closely for days now through the Alerts Group). Last chance for the bulls to reverse this here by breaking out ASAP and forming the blue Inverted H&S to confirm a bull reversal to the trend.

If the bull scenario does fail to materialize, expect a wash down back to support at 0.003-0.0025 area

Still waiting for a clear direction.

If your new or intermediate to crypto or trading all together, you would benefit by subscribing to my Bitcoin/Cryptocurrencies Live Trading Alerts or my unique 1-on-1 Cryptocurrencies/Bitcoin Mentorship and Coaching courses on my TA methods -- PM me directly for more information or check out my profile for my social media links and the website for information about our services.

2 wrz 2017

Zlecenie aktywne

Addendum:

The main chart is missing the neckline used as a stop loss.

4 wrz 2017

Uwaga

Following the ICO ban by the Chinese Government, NEO finally gave in and broke down with most of the Altcoins, Tokens, Ethereum, QTUM and EOS:

3 paź 2017

Uwaga

Apologies for not updating this chart.
Based on the latest news that NEO council members will have 30% of NEO available for spending (selling or holding), were giving a higher probability to the bearish H&S to play out:

4 paź 2017

Uwaga

I was informed that the 30% NEO available to the council could not be sent and sold on the exchanges per the white paper. So please disregard my claim earlier that the bear scenario has higher probability.

I believe bulls got this and we will revisit 0.01

4 paź 2017

Uwaga

nevermind, stoploss reached after the bottom bull neckline broke. Bearish H&S in play. Seems lots of fear of Bitcoin Bear Market at the moment pushing lots of traders to take profit asap on tokens, and alts.

8 paź 2017

Uwaga

Neo what will it be?

13 paź 2017

Uwaga

Bearish H&S played out beautifully, we took profit at 0.007 rebought at support at 0.0048