Get started
EuroDale

NEO/BTC looking for a breakout: 50% profit, excellent R/R

Long
NEO / Bitcoin (BINANCE:NEOBTC)  
EuroDale Updated   
BINANCE:NEOBTC   NEO / Bitcoin
Trend Analysis Chart Patterns NEOBTC
9
0
trendanalysis chartpattern neobtc
Looking very bullish, close to a breakout from 2-year trendline, should go to at least .0016. If it breaks above that, we could see a repetition of OMG/BTC.

The rest is self-explanatory.
Comment:
Added another horizontal line to show why there is such big resistance at .0016-17

snapshot
Comment:
Getting very close now. Expect to first break into the red ichimoku cloud, then hit the top of the ichimoku cloud, then reach the top trendline, with retests at every step of the way.

TP1 .00129
TP2 .00149
TP3 .00169
TP4 .MOON
Comment:
Here we go, moment of truth:

snapshot
Comment:
A definite setback with BTCs rapid rise. Everything depends on what BTC does next, but here are the areas to look for.

snapshot
Comment:
Right as expected. You're welcome.

snapshot
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.