TradingView
quantguy
Dec 14, 2017 2:18 PM

Neo Marches On Long

NEO / DollarBitfinex

Description

Neo has continued its breakout making new highs at $54.70, which is the anchor of the Fibonacci Fan level. It has continuously tested the upper bound of the KRI, indicating that some pullback is near but the bull candles seem to be growing in strength. We have strong support at $45, which is a Fibonacci Fan level and the base of today’s candle.

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Comments
Iam_Rakesh
what are the targets 80 $ ?
IamJeanPaul
quantguy
@IamJeanPaul @Iam_Rakesh For profit targets, I'd use Fibonacci Extension levels (which coincide nicely with psychological 'round number' levels). For short, medium and long term targets, $70, $90, and $100 work well.
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