NEO broke through previous resistance and is entering a new channel. On top of that, it has rose above its 50 day moving average, and the MACD is showing some bullish signals as well. The Bollinger Bands have been squeezing around the price since accumulating back in August, so it's likely to pop.
BTC made the drop to 7,500 today, but most alt/btc pairs remain relatively unscathed, and some are even pumping.
NEO could potentially make it to above 1000 SATS before December or higher if it maintains this general direction.
I'm not a professional. Take my opinion with a grain of salt, as you should with all investments.
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The 50 day moving average crossed with the 200 day on the 6 hour.
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Bitcoin being bitcoin and randomly rising 15% and destroying alts.
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Look for a break in the rising trend, otherwise the chart is still valid.
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Or it could reach above 1000 sats now. Talk about volatility. It bounced off it's previous support and resistance. Curious to see where this will send it. I think it'll drop just a little before it rises for the long haul
Entry ~900-950 Stop-loss ~830
Trade closed: target reached
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I took some profits around 1250 after it hit the 200MA. Either reinvesting around 1050-1100 or using that surplus on another coin.
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Looking to be forming into a bullflag. Refer to this guy and his great post.