Potential Head & Shoulders forming if ~$34 not broken
Looks like we might have a Head & Shoulders pattern forming which is generally a reversal from bullish to bearish. If we are unable to break the resistance at ~$34 I would expect a strong downward trend to at least ~$26.
If BTC is able to break above $4450 then I believe we'll see the NEO trend follow through with Wave 5 and hit the ~$41 target mentioned in my other post. I'll be looking for NEO to break above $34.25 to consider entering for the $41 target. However, if the Head & Shoulder completes I'll be reevaluating reentry at ~$26.
** Comments and critiques always welcome especially conflicting analysis ideas.
** @CAG_CryptoTA
If BTC is able to break above $4450 then I believe we'll see the NEO trend follow through with Wave 5 and hit the ~$41 target mentioned in my other post. I'll be looking for NEO to break above $34.25 to consider entering for the $41 target. However, if the Head & Shoulder completes I'll be reevaluating reentry at ~$26.
** Comments and critiques always welcome especially conflicting analysis ideas.
** @CAG_CryptoTA
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.