GoodmanSimon

NEO Pennant is forming... but volume remains low

Long
GoodmanSimon Updated   
BITFINEX:NEOBTC   NEO / Bitcoin
NEO has a pennant forming and should break out in the next few days.

But I would not expect miracles because

  • The volume remains low
  • We are 50% above the 50 EMA, (1 day)
  • China, (the primary target for that coin), is still threatening to release Crypto regulations.

So, while I expect a break out, I don't expect a lot of gains to be made.

I would look at 1350 or maybe 1450 ... not much more than that.
Trade closed: target reached:
Done... :)

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