itradearn
Long

NEO BTC Forecast - Don't Miss the Train!

BINANCE:NEOBTC   NEO / Bitcoin
Charts shows a symmetrical triangle with waves bouncing within. Support is set at 0.0112 and unless BTC             makes moves, I don't imagine that support will be broken. First target is set just above previous resistance at 0.0140. Second target is at 0.0163 and should be fairly achieved once breakout from first target is confirmed. I believe that price will reach 0.0190 by February 2018, however I'd rather keep my feet to the ground and take a conservative approach.

Another Approach:

If you take a look at a 4 hour chart you'll notice that when price hits 0.0140 it completes a cup and hopefully initiate a bullish handle to achieve an all time high.

MACD: -0.0002 & -0.0001 (Moving Averages about to cross signalling commencement of bullish pattern )
RSI: 41.2% (Slightly oversold returning to 50% point might suggest bullish trend is commencing)
Stochastic RSI: 19 & 20 (Oversold)

Events:

It has been a very busy month for NEO and the few remaining days of January include:

25 January 2018 dApps Competition Opens
26 January 2018 Blockchain Conference
30 January 2018 NEO Developers Conference 1/2
31 January 2018 NEO Developers Conference 2/2

This is not an investment advice, always do your own research.


Target hit! Wasn't that difficult, was it now? 25% just like that!

Well done traders!

For the rest of the traders who are true #hodlers, we salute you and wish you an upward steep resistance and take the next train to the next stop:)

Solid coin lads!

Good luck & HODL!
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