NEO is in its descending channel and now it has made a falling wedge and is trying to get out of its descending channel. So with the weak bullish market we have especially with BTC we can expect some good gains from alts and we should focus on top alts which are solid project with a strong community which is ready to buy and push the price when there is bullish action in the market and NEO is one of them.
So even if we check the trend it has made from its this year peak we can see that it has made a reversal pattern once and got out of it making 40% gains, and it retraced after that but making the same reversal pattern so making a reversal pattern now and getting out of the descending channel so we should expect the same gains here where the price should take us to 0.0036-4 BTC level..
Details of the trade: -Bullish divergence on EWO (I LOVE EWO xD) Targets: -0.0036 BTC (short-term) -0.0043 BTC(mid-term) -0.0047 BTC (long-term) -0.005 BTC (long-term) -0.0055 BTC (long-term) Stop-loss: 0.002381 BTC Good Luck, Traders! #moon #mooncommunity