NEO bottomed on the lower parallel of the pitchfork that I drew several days ago. It has also broken out of the descending pitchfork.
After such a dramatic fall I am very cautious
You could enter on the 5 minute chart and keep a tight stop 120
trailing up.
Remember that the first CBOE futures contract in BTC ceases trading at 245pm Chicago time today, just over one hour
Update in a few hours
After such a dramatic fall I am very cautious
You could enter on the 5 minute chart and keep a tight stop 120
trailing up.
Remember that the first CBOE futures contract in BTC ceases trading at 245pm Chicago time today, just over one hour
Update in a few hours
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one minute chart
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There is a recovery starting but I am still cautious that there will be another leg down in a few days.
The following charts compare ETH, BTC and NEO. ETH is still within the downtrending slope and needs to hit 1000 within the next 12 hours.
BTC has just regained support on top of one of the descending lines.
And NEO has continues to move up the parallel lines, but should hold 120.
Note how it leaves the downtrend line by pushing through then returning to find support on the line. This is a bullish sign
The following charts compare ETH, BTC and NEO. ETH is still within the downtrending slope and needs to hit 1000 within the next 12 hours.
BTC has just regained support on top of one of the descending lines.
And NEO has continues to move up the parallel lines, but should hold 120.
Note how it leaves the downtrend line by pushing through then returning to find support on the line. This is a bullish sign
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Note the fractal with current pattern a larger version of several hours ago
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Stop was moved to entry 131. Stopped out Profit 0
I will only enter if I see support on the line and I can place a small stop. The trade may last only a few hours.
If this lowest sliding parallel breaches then I expect a larger fall