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NEOBTC: BULL FLAG (500% Potential)

BITTREX:NEOBTC   Neo / Bitcoin
BITTREX:NEOBTC

NEOBTC appears to be holding up very well during all the hoopla taking place in the cryptosphere these days. For those who don't know, NEO is considered the 'Chinese Ethereum' by many. Having made major moves in 2017, it appears to be gearing up for another major run.

Volume is surging, and there is a Bull Flag in formation on the daily chart . All of which bodes well for this trade. I do believe NEO can potentially hit $1k if the cards line up well. Otherwise, a $500 conservative figure is an easy target to reach.

That said, NEO should see a break toward $200USD very soon as the steam appears to picking up.

This trade is both Findamental and Technical, and should be a nice swing/position trade for this year.

Midterm, I'm aiming for a solid 80-100% rally from it's current level.
When all else fails, simplify. -Me

DISCLAIMER: My analysis and opinions are mostly based on the current trends and chart analysis. That said, you are inevitably responsible for your own decisions. Trade at YOUR own risk. Cheers!

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