A Monster Matrix Structural Wave? | Master NEO Thread

3 Dis 2017

NEO has been consolidating since the formation of its ATH at $58 in August 2017. I am anticipating the following scenario to unfold over the next 3 to 6 months if we break the former ATH, although the pattern may catch on and we could breakout earlier. This will be my master NEO thread.

There are two approaches here. You can either try to catch the bottom on the smaller TFs at $31.10 or $20.85 (if we break down). Or you can fetch the breakout at $58.66.

Take some time to familiarize with my trading approach:
forextradingstrategies4u.com/123-forex-trading-strategy/

As always, I'll update this ideas with both long and short trades.

Cheers and GLWT!
-Erik

4 Dis 2017

Nota

Bottom?

6 Dis 2017

Nota

OK, so we broke support in the BTC chart, now this is the 0.11 fibo key resistance level. Above it we are very bullish, below it we are still finding ground.

7 Dis 2017

Nota

OK....so we have a full retrace on our hands... excellent :)
The 0.11 fibo is the next big support:

And the uptrend line is broken here... looking for the next one and the max consolidation at 0.11 fibo

11 Dis 2017

Nota

I don't think we will get to the alternative buy area in the USD chart, so watch the trend line for a buy. But we should kiss the alternative buy area in the BTC chart.

13 Dis 2017

Nota

Nice hook?

Watch for a selloff against BTC. We have a reversal pattern, but its not confirmed yet,

14 Dis 2017

Nota

17 Dis 2017

Nota

We got the breakout!

18 Dis 2017

Dagangan ditutup: sasaran tercapai

We nearly kissed MID TP!
ANyway, we hit my target in the NEOBTC chart, so I'm out of this trade for now ;)

20 Dis 2017

Nota

Watch for further upside.

21 Dis 2017

Nota

Watch for breakdown

22 Dis 2017

Nota

Looks like NEO is breaking down. Old support is now resistance.

19 Mac 2018

Nota

Oh the fortunes we made ;)