Neblio in the midst of a Nap

3 May 2018

Daily
Looking over at our highest timeframe we see price has recently formed a double bottom inside our major support zone @ 0.0010000. Price has broke our resistance @ 0.0014000 and tested for support. Currently testing our resistance @ 0.0018000, waiting for higher low to form.


4Hour
Shifting over to our pattern timeframe we see price has formed a double top @ 0.0017500, expecting a drop towards 0.0015500. Depending on how much momentum we have, we could see a drop towards 0.0014000. A 4hour close above 0.0017500 activates our trade, or a bounce from 00014000


Hourly
Finally looking over at our trigger timeframe we see price is in the middle of a correction. Looking like a drop towards 0.0015500. Double bottom could form here. Waiting for higher timeframe confirmation before taking a position.

Conclusion
Wait for a bounce off 0.0015500 or a break and close above 0.0017500