It's forming a nice ascending triangle pattern with resistance at Fib 0.5 (0.008493) Once the next Elliot wave begins, I expect a breakout over the resistance on either wave 3 or 5.
If you're looking to enter after confirmation, enter around 0.008530, or a close above the resistance.
points of resistance after the breakout: 0.00831, a resistance formed from previous test or Fib 0.786(0.008867) whichever happens first 0.009145, a resistance formed from previous test
Target 0.009355
Take profits below the resistance points. Stop loss below the entry would be safe
Bình luận
⋅
Looks like NEO finally broke out, it's not too late to enter right now