CRYPTO of the week NEOUSD not much action, but don't miss it
NEOUSD 4H UPDATE - 08/06/2018
View unchanged. For past few sessions, NEOUSD has entered a range and while preferred view is higher from here, I cannot rule out a third leg lower for a double correction to challenge 47.45 and possibly 44.16 - I remind that we have a FLAT from 25/04/2018 and therefore it can extend in its third leg, 47.45 being a soft level but true invalidation level to the upside remains 44.16. Below this level, NEOUSD will be in trouble.
So, for now, I still look forward the first new higher high above 58.31 to relieve bearish pressure and monitor the rsi trendlines. I don't like to buy or sell at current levels.
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.
View unchanged. For past few sessions, NEOUSD has entered a range and while preferred view is higher from here, I cannot rule out a third leg lower for a double correction to challenge 47.45 and possibly 44.16 - I remind that we have a FLAT from 25/04/2018 and therefore it can extend in its third leg, 47.45 being a soft level but true invalidation level to the upside remains 44.16. Below this level, NEOUSD will be in trouble.
So, for now, I still look forward the first new higher high above 58.31 to relieve bearish pressure and monitor the rsi trendlines. I don't like to buy or sell at current levels.
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.
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