Technical Breakdown
Daily Timeframe
#1 Wedge Pattern Developing
Wedge Patterns can tell us a lot about market psychology, supply/demand and Wycoff's 3 basic laws. I want to see price get squeezed further into this wedge because like a coil that will explode higher with increased pressure!#2 Strong Institutional Buy Zone
Historically smart money has Accumulated very well at the $30-$40 region. This is where I will be looking to add long positions and also buy some NEO to hold long term.#3 Low Volume
The VOL for the most recent price increase has been low. I don't think this price rally will last very long based on such weak VOL.#4 Weak Momentum
The MOMO in April has been weak so far. Although we have seen some Accumulation at the $50 level! I do think price will be manipulated further down to a more attractive level for Institutions to shake out weak sellers and Accumulate some NEO tokens.
TRADRHACK THOUGHTS
I need further Price Action and a good breakout pattern before adding to my NEO holdings. Just have to be patient now and wait for the market to develop price action into something more interesting.
Crypto Group Coaching on Discord
Patron Membership
As a Patron you can gain access to:
- Group coaching
- Project Breakout
- Trade Alerts
- Courses
- Advanced Technical Analysis
- Fundamental Analysis
- Trader Psychology/Mindset Hacks
Receive a 5 Min Email Packed With The Ultimate Trader Insight Every Friday Delivered Directly To Your Inbox For FREE
- 3 Hackz From Top Books
- Technical Chart Of The Week
- Trader Quote Of The Week
- Trader Tweets Of The Week
- Article Of The Week
Yes, send to me!
Connect with me
Twitter
Instagram - @Fiiyat
Instagram - @TradrHacks
Facebook
Disclaimer
This is my personal opinion, I am not giving biased recommendations. I am not a financial adviser. Discuss with your advisers before investing in Bitcoin, Altcoins and ICOs.
If you found value with this post I would be very grateful if you resteem, upvote and comment below. Thanking you!
Twitter
Instagram - @Fiiyat
Instagram - @TradrHacks
Facebook
Disclaimer
This is my personal opinion, I am not giving biased recommendations. I am not a financial adviser. Discuss with your advisers before investing in Bitcoin, Altcoins and ICOs.
If you found value with this post I would be very grateful if you resteem, upvote and comment below. Thanking you!
Congratulations @tradrhacks! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
Click on the badge to view your Board of Honor.
If you no longer want to receive notifications, reply to this comment with the word
STOPDo not miss the last post from @steemitboard!
Participate in the SteemitBoard World Cup Contest!
Collect World Cup badges and win free SBD
Support the Gold Sponsors of the contest: @good-karma and @lukestokes
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
@tradrhacks you were flagged by a worthless gang of trolls, so, I gave you an upvote to counteract it! Enjoy!!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Congratulations @tradrhacks! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :
Click here to view your Board of Honor
If you no longer want to receive notifications, reply to this comment with the word
STOPDo not miss the last post from @steemitboard:
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Congratulations @tradrhacks! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :
Click here to view your Board
If you no longer want to receive notifications, reply to this comment with the word
STOPDo not miss the last post from @steemitboard:
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Congratulations @tradrhacks! You received a personal award!
Click here to view your Board
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Congratulations @tradrhacks! You received a personal award!
You can view your badges on your Steem Board and compare to others on the Steem Ranking
Vote for @Steemitboard as a witness to get one more award and increased upvotes!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit