CRYPTO of the week NEOUSD indecision - wait and see
Updated
NEOUSD 1H ASIA UPDATE 07/06/2018
First sequence from 51.66 low ended at 54.96 and we need this level to break to the upside to propose a bullish sequence to the upside. Until then, NEOUSD is still under the pressure and failing to hold 52.33 would send the crypto to challenge 51.66. If this level fails as well, we would have a double correction towards 48.34 and immediate pressure to 47.45 - the case for red -1- being green -4- can be made if in the event we see marginal new low rsi divergence in intact
I don't like to buy or sell at the moment and will be monitoring key levels to assess the count
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.
First sequence from 51.66 low ended at 54.96 and we need this level to break to the upside to propose a bullish sequence to the upside. Until then, NEOUSD is still under the pressure and failing to hold 52.33 would send the crypto to challenge 51.66. If this level fails as well, we would have a double correction towards 48.34 and immediate pressure to 47.45 - the case for red -1- being green -4- can be made if in the event we see marginal new low rsi divergence in intact
I don't like to buy or sell at the moment and will be monitoring key levels to assess the count
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.
Note
NEOUSD 1H EUROPE UPDATE - 07/06/201852.53 failed to hold and next level of interest 52.51-51.93 has been reached. From there, expect a bounce in at least 3 waves or new highs.
Because of the FLAT from 02/06/2018 high, we have no business into any position in NEOUSD so the best is to watch the structure develop.
IF we go lower than 51.66, heading for a double correction, I would not like to buy either because there is no bullish sequence in higher time frame and 1h shows a corrective 3 waves to the upside from 47.45.
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