Today the market experienced a sudden correction that made most of amateur traders so nervous!!! But do not panic folks I believe this one was made by whales movements and market makers plans. As the result we could see a lot of capitals were liquidated due to this correction!!! This trap is for those kind of traders that gamble on high leverages and this is unfortunately what the got from the market.. But let's take a look at Neo in this red bloody market in short-term: NEO did react really well.. It's buyers moved really strong that made NEO strongly broke it's flag channel upwards so we can expect higher targets for NEO in short-term. As you can see on the chart I specified first target around 0.002. This target is the result of 1 Fib extension and flag pole target that have overlap.. Second one is the 0.0022 area that is the result of 1.272 Fib extension and long-term resistance area's overlap..
What is your point of view or analysis on NEO/BTC in short-term, I like you to share it in the comment section for me, so we can share our knowledge together. And, As always, feel free to ask any question about this chart in comment section, I will happily answer you :) If you like this idea, hitting like button, sharing it to the ones who will find it useful and giving me comment will give me a lot of motivation :)
Trade closed: target reached
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Both target are hit!! I hope this fast analysis has helped you folks..
Neo was a completely failure for the last 2+ yrs , every time pump up 3x then quickly deflated , i tied up 5 btc on this shitcoin in hope it will skyrocket just like Chainlink or VEchain, should have dump my bags last years and free up my capital on others and make at least 10x from that , instead after nearly 3 years ( sold on the very top in 2018 , bought it back on Aug.2019 -Sep.2018 ) hodling 3k+ Neo in my cold wallet just to collect less than 1000 Gas and i already sold my guess after it pump to $10 2 months ago, i guess overall i lost at least 1.5 btc for hodling Neo. however i did 10x my Neo in 2017 so giving back little bit kind of make thing right ??
dliu8964
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Neo pump more than 50% after last night / this morning crash, this caught me off guard , my limited order got filled from 0.0019 all the way to 0.0023 , Neo was stagnate for almost 3 years , i gave up on Neo 2 months ago , offload 80% of my 3000 coins into Defi and Nft tokens and exchange token, average 5-10 x , in the meantime Neo barely 3x ...
ArshiaZojaji
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@dliu8964, I believe you're right it was about 63% pump on NEO.
I may have a suggestion for you never gave up on a coin before you checked important details on it's fundamentals and it's long-term chart.. Neo just broke it's bearish movement a couple of weeks or months ago.. So it has exactly the time we should have hop in not an exit point..
Younzo
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@ArshiaZojaji, You think we could see NEO at 0.01 BTC ?