The price is going to bounce from 0.003500 support level. RSI confirms price reversal. MACD histogram is going to support upward movement. If the price breaks the downtrend line, we'll get an additional signal confirming further upward movement. Pending orders for buy can be placed at 0.003850 level with stop orders at 0.003200 level. Profit targets are 0.004650 and 0.006000 resistance levels. The part of trade volume can be left for long run.
@KrisConnects, global market cap droped 15% in less than hour and across all top 100 crypto... how is that possible? take a look at 1 hour chart and you will see huge gaps and fast drops. (i was looking at bitfinex chart)
elblinko
⋅
@Morphmine, yeah, something like 40 billion dropped! Something fishy or are the banks finally starting to trade big volumes?
BJekyll
⋅
@KrisConnects, DLavrov was just providing a possible trade setup. If NEO broke above the area, he marked it would indicate a potentially profitable trade. If it doesn't break above his marker, like this scenario, then the board has changed, and that setup is invalid.
@DLavrov thanks for posting this and all of your charts.
@BJekyll, so is this trade now invalid since it did not break?
HeavySatoshi
⋅
@KrisConnects, did this really happen??? and where...
PineappleExpress
⋅
Yesterday 7.45pm CET, i am on Bitfinex. To bad i didn't bought neo that would be a 900% profit in just a matter of seconds. :D
HeavySatoshi
⋅
@KrisConnects, i am on Bittrex and saw no dip...
Nidalas
⋅
@HeavySatoshi, It was a bitfinex whale hunt, those are unfortunetly not rare in crypto world, and why you should never margin with your whole stack. Some people got eth for few cents some few months ago for a few seconds. And one of the various reasons bitfinex is so bad