Hello my Crypto friends!
Today we are taking a look at NEO - 4h timeframe
NEOUSD
view. A you can see NEO is an uptrend and it's close to the daily trendline. As of now, this uptrend looks very fresh and strong , seems to me like NEO can break out and go much higher.
So the question is how we can trade this pair?
We can see NEO is close to the daily trendline, but it has enough space to get to this trendline what is mean that we can make money! Before taking any buy, wait for any pullback/correction and then take the breakout. If we are lucky, NEO could break this daily trendline and go much higher.
REMEMBER: We are not trading the luck, but you never know maybe this luck gets a really good profit!
Don't jump in buy to early, patience is the key!
Bigger picture, clear uptrend! This bring up our confidence at this trade! So, if you took the breakout with your own tested strategy, when NEO gets close to the daily trendline, manage your trade, move your stop, either in profit or at breakeven, don't take the loss.
REMEMBER: We are only interested in the buy! This is scenario what I really want to see before taking any buy.
If you want i will do update on this pair!
Don't forget to hit the like/follow button and write comment!
So keep an eye on it, be patient & trade with care!
Today we are taking a look at NEO - 4h timeframe
NEOUSD
view. A you can see NEO is an uptrend and it's close to the daily trendline. As of now, this uptrend looks very fresh and strong , seems to me like NEO can break out and go much higher. So the question is how we can trade this pair?
We can see NEO is close to the daily trendline, but it has enough space to get to this trendline what is mean that we can make money! Before taking any buy, wait for any pullback/correction and then take the breakout. If we are lucky, NEO could break this daily trendline and go much higher.
REMEMBER: We are not trading the luck, but you never know maybe this luck gets a really good profit!
Don't jump in buy to early, patience is the key!
Bigger picture, clear uptrend! This bring up our confidence at this trade! So, if you took the breakout with your own tested strategy, when NEO gets close to the daily trendline, manage your trade, move your stop, either in profit or at breakeven, don't take the loss.
REMEMBER: We are only interested in the buy! This is scenario what I really want to see before taking any buy.
If you want i will do update on this pair!
Don't forget to hit the like/follow button and write comment!
So keep an eye on it, be patient & trade with care!
Here is the update. I'm expecting bigger correction to confirm uptrend. If you are aggressive trader, you can buy above the top, but i wouldn't do it! Be very very careful, because this move (in ellipse) looks more corrective.
If you want more updates on this charts, hit the like!