a.rafay

Cup and Handle formation in NEO-BTC

Long
a.rafay Updated   
BITTREX:NEOBTC   Neo / Bitcoin
NEO/BTC is in the process of completing its handle in what I perceive to be a cup and handle formation. Handles usually vary from 25%-50% retractment of the rally. Hence, going long at market may be a good idea to capitalize on. My target price, keeping in mind the formation is 0.01074887. Stoploss at 0.005900
Trade active:
working nicely so far, lots of trading opportunities in this trade.
7450 and 8400 can show some resistance.
Target remains intact, stoploss can be moved up towards 6500 area
Comment:
So far, so good
Stoploss can now be moved upto 7700 level
Target intact, keep trading :)

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