Hello
This is mostly a positional trade. The entry point is looking juicy and allows for a short-stop-loss and therefore less downside potential. We can see that the DMI rejected the bearish crossing. The MACD is pointing upwards and the RSI is still in a bullish-zone. We have seen 3 days of consolidation within a tight channel. The first major resistance with the number 38.2 Fibbo. Is a standard retrace move from the last high. The blue -zone on the chart is the entry-zone.
Goodluck
This is mostly a positional trade. The entry point is looking juicy and allows for a short-stop-loss and therefore less downside potential. We can see that the DMI rejected the bearish crossing. The MACD is pointing upwards and the RSI is still in a bullish-zone. We have seen 3 days of consolidation within a tight channel. The first major resistance with the number 38.2 Fibbo. Is a standard retrace move from the last high. The blue -zone on the chart is the entry-zone.
Goodluck
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By the fibbo retrace of last high I mean, the high on 28-02-18
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Hit and break of first resistance
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neo found rocket fuel
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lets see if we can break up
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We broke up
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TP1 done.
can re-enter the market if BTC keeps moving so will NEO. If your late entry shorter stop. I took profit last night and bought back this morning