DeWit

NEO NEOBTC - About to test its support. (100% Potential)

BITTREX:NEOBTC   Neo / Bitcoin
I have been looking at this coin for quite some time now. It is known to be the Ethereum             of China and has been growing steadily for the past few weeks.

RSI = Looking at the RSI , one can see that the coin is close to being oversold. It has passed levels of previous retracements.
MACD = The MACD is showing how the retracement is slowely coming to an end, already turning upwards slightly.
Coppock = Coppock is an indicator that shows the average rate of change on multiple timeframes. It basically shows you whether bulls or bears are dominant. When the Coppock curve crosses the x-axis (0), bulls have the upperhand. Coppock curve is close to the x-axis but has not crossed it yet!
Trend = The logarithmic axis shows one a valid channel in which the price fluctuates. Price is about to the test its support line.
Elliott = Neo is ready for its fifth wave.

Since bitcoin             is still bearish , I have decided to first wait and see if the support line can hold Neo's price. When it does and volume increases, the following instructions are to be followed.

Buy in range
- 0.010 -- 0.0114

First Target
- 0.014

Second Target
- 0.019

**Disclaimer
I am fairly new to all of this so please, if you do not agree, contact me.
Trade active: Stop loss: 0.0104
Comment: Do not know what the effect of this is, but for anyone who's interested, the Weiss grades:

EOS and ETH -> B
ADA, NEO and STEEM -> B-
BTC -> C+
Comment: First target has been reached. MACD and Coppock are still looking bullish. RSI is overbought. Expect a boost from NEO Devcon tomorrow, after which prices consolidate.

First Target
- 0.014

Second Target
- 0.019

Trade closed manually: I am taking profits here. Support level is broken. Neo still has much more potential, but with btc bleeding out, I will close this trade and revisit it in the future.
urgh kicking myself for selling my NEO yesterday before all this happened.. was thinking it might dip more =((((((((((((((
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Is it sitting above your target now? I'm thinking of buying in the next couple of days, any tips/thoughts are much appreciated. :)
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DeWit Justinhart92
@Justinhart92, it is a little above my buy in range but far from the first target!
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Big NEO devcon in San Fransisco next week should bring some attention to the platform as well. http://devcon.neo.org
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DeWit Altinvesting
@Altinvesting, Yes indeed! Neo has multiple upcoming events in the near future.
https://www.coinmarketcal.com/?form%5Bmonth%5D=&form%5Byear%5D=&form%5Bcoin%5D%5B%5D=NEO+%28NEO%29&form%5Bsort_by%5D=&form%5Bsubmit%5D=
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