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philipdinu
Nov 12, 2017 5:59 AM

NEOBTC - Reversion to the mean/Swing trade - Breakout - Long 做多

NEO / BitcoinBitfinex

描述

A swing trade is presenting itself in NEO as the adaptive MA price has crossed over and price has pulled back to the support line. I will be watching for the breakout above the recent high to enter. I am thinking price will retrace as soon as it hits the marked resistance to form the longer time frame head and shoulders picture.

评论

This swing trade worked. Price has broken above the daily MA cloud which indicates a bullish sentiment. If price closes above the cloud today I would expect NEO to move further up before coming back down to bounce off the MA cloud for new highs.

评论
noahj76
You mean inverse head and shoulders
philipdinu
@noahj76,

yes you are correct, inverse H & A. Typed it up too quickly.
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