$NEOUSD 4H UPDATE - 14/03/2018
已更新
NEOUSD has completed a daily correction from 16/01/2018 jigh at 63.62 and has recovered in a 3 waves bounce to 141.16. From there, a FLAT rejected NEOUSD to 78.92 where the cycle from 20/02/2018 ended. Since then, the altcoin is under pressure as moves to the upside are in 3 waves in smaller time frame.
As long as above 78.92, preferred view is NEOUSD is to regain the 100.00 mark and continue higher to challenge 146.12. Bounce in first 3 waves failing to gain momentum could see a break of 78.92 for a direct retest of 63.63 and most likely break below as this would mean a bearish sequence in daily.
As long as above 78.92, preferred view is NEOUSD is to regain the 100.00 mark and continue higher to challenge 146.12. Bounce in first 3 waves failing to gain momentum could see a break of 78.92 for a direct retest of 63.63 and most likely break below as this would mean a bearish sequence in daily.
注释
NEOUSD broke below 78.92 and cycle from 146.12 high is still alive. As mentioned on the chart, buying FLAT always tricky. 63.62, line in the sand交易结束：到达止损
technically still above 63.62 but situation becomes unsustainable for 4h setup. If we are in daily we just hold what we bought at 64.83 as per chart.
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