Boeing hit the fib retracement right on the money. I'm looking to play Boeing in the range (the blue lines) between 133-160ish roughly, a break above 160 will send us off to 180+, a break below will send us to 122.
an outlook on Litecoin - Mark the golden cross vs death cross. Overall ascending channel - Bullish
With the halving coming up, expect this to run into 180-200
Neo - Overall market structure
- descending channel
- a breakout with confirmation = target 1, target 2
- consideration: NEO has broken down every time it hit the upper range
*Invalidated if BTC crashes the market
Broke above the ascending triangle with confirmation. No major resistance till the two target points. *All these are valid pending BTC doesn't tank the market.
An overall look at the daily chart for Neo. Forming a descending triangle. a confirmed breakout will result in a huge bullish reversal. Look for confirmations on the breakout to avoid fakeouts.
Potential guide assuming BTC doesn't drag the market down.
Neo needs to hold support (see blue box) otherwise consider fall to 16.00 Ish where it will face monthly support and break below that would be uberly bearish.
This is all voided or invalidated if BTC pumps or dumps
Neo inside the triangle. RSI decreasing. Most likely heading for a fall into the 16.5-17 range . This obviously may be amplified or nullified by Bitcoin's moves. Trade Cautiously.
Bitcoin has been in a long descending triangle. BTC has been rejected 3 times with a violent fall each time. Expecting more action within triangle before a breakout.
