Pennant forming: NEO breakout

4. Dez. 2017

Neo will breakout soon, it double bottomed. Will test resistance that coincides with fibonacci retracement, likely pull back after that. Perhaps it will bounce back up to reach target 2.

4. Dez. 2017

Anmerkung

Forgot to add: in case the market turns really really bearish and the support line breaks: 0.002 is the next supportline. Stoploss around 0.003 for safety.

6. Dez. 2017

Anmerkung

We're on the verge of it bouncing off support or crashing through. Very curious what this candle will do.

6. Dez. 2017

Anmerkung

Stop loss at 0.0025 in case support breaks. Buy upon 1 candlestick confirmation that it bounces off support.

6. Dez. 2017

Anmerkung

Support broke. Buy opportunity at 0.002 soon.

4. Jan. 2018

Anmerkung

It indeed hit 0.002, then broke out of pennant upwards, bounced off 0.382 fibbonacci. Now it will likely go to 0.236 until it can go to 0.618

9. Jan. 2018

Anmerkung

Close to hit 0.0084. Expect pullback before it attempts to go to the 2nd target.

9. Jan. 2018

Anmerkung

If it closes above 0.0084, strap yourselves in for 0.0114.

14. Jan. 2018

Trade ist aktiv

TARGET REACHED, I did it guys! It may move to next target if candle closes above 0.012

15. Jan. 2018

Trade ist aktiv

It's going for 0.014, which is the next target. Since it's really overbought now, I expect a pullback to 0.0114 before it may continue to climb again.

15. Jan. 2018

Anmerkung

THIRD TARGET REACHED. Expect pullback: overbought.