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vlatoshi
Aug 16, 2017 12:56 AM

NEO Long

Neo / BitcoinBittrex

Description

Following its steep bullish channel

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Continues its bullish movement for now. Just keep an eye for the possible Head and Shoulders forming there, that won't be a good sign.

Comment

Check my OMG chart too. Split between these two for good profits with fewer risks.

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Still bullish, it will blast off on the next released news. Good opportunity to buy more.

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Ok, it went down. But in a red marketing under a skyrocketing Bitcoin this is normal. The worst thing you can do right now it's to panic sell. Patience is key. The volume is still there. Please trace the chart from 08/14 to 08/15, after two big dips it ended up on a higher high. I'll come with another opinion when it reaches the support.

Comment

The Head and Shoulders (bearish) risk passed. The support held and the bounce is on going. It continues on its bullish channel.

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It's holding good above the support. I'm confident enough that it will go for another run at the right time.

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Touched the support line. It holds. Still with top volume. It will get back in its channel soon. You should've sell when it broke the hidden support (yellow line) at 0.102 - 0.101, but if you didn't (like me, because I wasn't around) holding a high volume Alt isn't a bad strategy. *Sell on a loss ONLY if you have a better option, something mooning*

Comment

Bitcoin's new ATH doesn't look good for alts.

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Neo spikes up after a long run down. Too early to say if this is the bounce you're expecting, but if you sold on the way you should keep an eye on it. *Remember that now support is resistance, you should see it break that too.

Trade closed manually

Trading closed for a more detailed analysis.
Comments
mule84
do you think it will bounce now from 0.097?
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