نيوتم تحديثه CRYPO of the week NEOUSD 1H the hunt is on and patience also.
NEOUSD 1H ASIA UPDATE - 04/06/2018
From 47.45 low. Price has reached equal leg area of the cycle BUT we have rsi divergence, so either cycle is truncated or we should see a new high in price (preferred option) to complete a motive 5 waves to the upside, calling for another motive 5 waves leg, but let's not anticipate and see.
For now, I would stay on the side line and depending on the structure of green 1 cycle, will look to buy green 2 in a clear corrective 3 waves. I don't like to buy here or to sell either from higher.
So, I put neutral stand here as long as the motive 5 waves is not confirmed (marginal new high with rsi divergence)
Invalidation level to the upside is 55.57 in 15min, 50.22 in 1h and 44.16 in 4h (all those levels are soft support because not backed up by any bullish structure and 5 waves to the upside does not provide sequence)
Invalidation to the downside is 94.65 but 141, 16 remain true level.
SO DON’T BUY green 2 with few bucks stop to hope for 160.00 in daily because we will not go in straight line if we go there.
Every week, for one particular cryptocurrency, in addition to the charts that I upload on TradingView, I will put the full comments and trade setup for different time frames:
- Daily on Sunday,
- 4h once a day during Asia session and
- 1h twice a day in Asia (post US) and Europe sessions.
This week 04/06/2018-10/06/2018, I propose NEOUSD
Disclaimer:
This content is provided for educational purposes only. The Trader's Corner is not registered as an investment adviser and the information shared on the website or any other medium is not meant to be a solicitation or recommendation to buy/sell any instrument. Any trades placed based on our content are at the own risk of the viewer. Trading include risks and loss of capital. Future trading results can never be guaranteed.
From 47.45 low. Price has reached equal leg area of the cycle BUT we have rsi divergence, so either cycle is truncated or we should see a new high in price (preferred option) to complete a motive 5 waves to the upside, calling for another motive 5 waves leg, but let's not anticipate and see.
For now, I would stay on the side line and depending on the structure of green 1 cycle, will look to buy green 2 in a clear corrective 3 waves. I don't like to buy here or to sell either from higher.
So, I put neutral stand here as long as the motive 5 waves is not confirmed (marginal new high with rsi divergence)
Invalidation level to the upside is 55.57 in 15min, 50.22 in 1h and 44.16 in 4h (all those levels are soft support because not backed up by any bullish structure and 5 waves to the upside does not provide sequence)
Invalidation to the downside is 94.65 but 141, 16 remain true level.
SO DON’T BUY green 2 with few bucks stop to hope for 160.00 in daily because we will not go in straight line if we go there.
Every week, for one particular cryptocurrency, in addition to the charts that I upload on TradingView, I will put the full comments and trade setup for different time frames:
- Daily on Sunday,
- 4h once a day during Asia session and
- 1h twice a day in Asia (post US) and Europe sessions.
This week 04/06/2018-10/06/2018, I propose NEOUSD
Disclaimer:
This content is provided for educational purposes only. The Trader's Corner is not registered as an investment adviser and the information shared on the website or any other medium is not meant to be a solicitation or recommendation to buy/sell any instrument. Any trades placed based on our content are at the own risk of the viewer. Trading include risks and loss of capital. Future trading results can never be guaranteed.
ملاحظة
NEOUSD 1H EUROPE UPDATE - 04/06/201855.57 did not hold and therefore the cycle from 47.45 low ended at 58.31 as a leading diagonal and we already have a corrective pullback at within equal leg area at 54.70-53.00 where we should see at least a bounce in 3 waves or to new highs.
Invalidation level to the upside is now 47.45.
ملاحظة
careful buying the green zone. Possible FLAT from 57.61 or triple correction (depending on rsi)
first cycle from 47.45 could be ending here ...
Caution
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