CoinMajesty
Short

NEO Possible Scenarios - More Likely To Dump For The Moment

BITTREX:NEOBTC   Neo / Bitcoin
Chart is pretty much self explanatory. There is a rising wedge formation. Nevertheless, it could still go up. My opinion is that the whole market is about to dump and NEO could be going all the way down to 0.0076.

Good luck!

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Comment: NEOUSD also showing a rising wedge pattern.

Trade active: 5 min chart in NEOUSD showing a very bullish triangle. If it breaks up, it should continue going higher to 180.

Trade active: NEOBTC continues it's bullish momentum. Creating a triangle likely to break up.

Trade active: Broke up the triangle and then dumped. Now creating a BEARISH DIVERGEANCE.

Comment: NEOUSD not looking that good.



I think it's going to bounce at the red line.

When it entered the new FIB level it was just too much gravity to stand to, and it just lost the battle.
Trade active: So after dumping with the rest of the market and the consequent bounce, we have NEOUSD forming a pattern. Not sure if it’s a megaphone in a downtrend or a broadening bottoms so it could go either direction now.

Comment: I think it’s more likely to dump by the way.
what you think around 0.00886848 place?
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Interesting, that's a rising wedge all right! My feeling is that market sentiment in the alts is sky high & that NEO is about to take another leg up. We'll see!
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Bingolion hithere1
@hithere1, Yeah, I second that !.
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daedube hithere1
@hithere1, I second that three it just broke up above the limit 105
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@hithere1, Careful out there nevertheless. Don't trade this without a SL considering the rest of the market is currently dumping.
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XmOkEy CoinMajesty
@CoinMajesty, Still going up. Any updates?
Reply
@XmOkEy, Will likely go to 180 USD.
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