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pgarret

NEO cup and handle buy opportunity

Long
NEO (BITFINEX:NEOUSD)  
pgarret Updated   
BITFINEX:NEOUSD   NEO
Trend Analysis Chart Patterns Technical Indicators neousd Cryptocurrency
5
0
trendanalysis chartpattern indicator neousd cryptocurrency
NEOUSD
The volume has deceased which indicates a move is about to happen, the handle is confirmed with RSI positive ready to go up. MACD is also supporting up trend movement. Positive signals from ichimoku as well.
Buy: $52 - $52.50
Target $62
Stop loss: 45.50
Comment:
The patterns seems to have failed for now, the reason is BTC surging again, people moving to get BTC bull run.
I will keep the trade active still but not for long if we go lower.
Trade closed: target reached
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