NEO Complex Correction

9 thg 10, 2017

Looks like Neo failed to climb over the major fibo resistance and remains in the descending channel. I am expecting further downward pressure against Bitcoin at this time.

Key levels to watch to the upside:
- Sub-fibo ressitance at 0.00688
- Key fibo resistance at 0.00768
- A breach of the downtrend line to the upside

Key levels to watch to the downside:
- End of the long box at 0.00617
- Sub-key fibo support at 0.00568
- Major key fibo support at 0.00553

10 thg 10, 2017

Ghi chú

Correction wave-D?

12 thg 10, 2017

Ghi chú

Wahooo! We breached the trendline and major key support line. Looking for signs of stability in the major long box.

13 thg 10, 2017

Ghi chú

There are two trading range supports in the long box (I don't have a chart atm). Odds are high there will be a reversal here at one of those, or at the edge of the box. We should then swing around back to the sub-fibo level (purple line where we have correction point D).

19 thg 10, 2017

Ghi chú

Trading below the major key fibo. This is a long box area where a reversal is likely, particularly at correction point E.

3 thg 11, 2017

Ghi chú

We are at point E! Watch the chart!