alanmasters

NEO Bullish Ascending Triangle, Getting Closer To Breakout!

BINANCE:NEOBTC   NEO / Bitcoin
NEO ( NEOBTC ) has a chart that is basically identical to Skycoin ( SKYBTC ), which we shared recently.

You can see Skycoin here:
For NEOBTC it can take longer though, as this one is yet to break above EMA50... Let's take a look at the signals:

  • Trading above EMA10.
  • Bullish breakout after retrace.
  • Volume increasing in favor of the bulls.
  • The MACD needs work but is trending up.
  • The RSI is really strong.

Overall we have the same chart as SKYBTC but a bit weaker. We can expect NEOBTC to make a strong move within 2-3 weeks max.

Conditions for change: If NEOBTC closes below 0.00139, the triangle pattern is gone. If NEOBTC goes below 0.00127 our view changes from bullish to bearish and a new analysis is needed.

Anything above the 13-May low and we remain bullish long term.

This is not financial advice.

Thanks a lot for reading.

Namaste.
Comment: Previous analysis:
Comment: Bitcoin is moving up...
Comment: Up to 9.7% profits generated since sharing.
Trade active: Doing good... :)
🌐 ALAN MASTERS TRADES PREMIUM
The Best Altcoins Trades
https://alanmasterstrades.com

🔸Special offers & FREE trades on...
➡️ Telegram https://t.me/AMTrades

🟥 Alan Masters Crypto
🌟 Binance Calls
🔹 LEVERAGED TRADES

💬 CHAT http://alanmasters.chat

Related Ideas

Comments

Neo is very very promising coin ....Neo is going to perform extraordinary just HOld TIght
+4 Reply
alanmasters Rohit_Shinde
@Rohit_Shinde, Thanks a lot for sharing, we agree.
Reply
Neo is one of the most perspective coins in 2019.
+4 Reply
alanmasters bloodgood
@bloodgood, Thanks for sharing.
Reply
First pull-back made. It was very expected and the crypto community is waiting for a larger retracement take big long positions:

Reply
namaste!
phb btc please.
Reply
alanmasters soonnokta
@soonnokta, Yeah, people are asking for it. I will see what I find.
+1 Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out