If you look to patterns of new coins, BCH,BTG etc and this one NEO included, we will see similarity. The first two went to the moon! Base of TA this show very similar pattern and we can at least heading for $52. I have read quite a few analysis from the analyst within the TV community and to conclude its the one of the few coins that has pretty good link with China authority and good fundamental. So I am LONG NEOUSD to 52.
However we are at pretty strong resistance level right now. A buy order should be place above 39.5 with SL at 33 and Target of 52 with 3 resistances at 42/45/48. I am sure when the flood gates are open these resistance can be taken out easily.
Happy Trading
However we are at pretty strong resistance level right now. A buy order should be place above 39.5 with SL at 33 and Target of 52 with 3 resistances at 42/45/48. I am sure when the flood gates are open these resistance can be taken out easily.
Happy Trading
Trade active:
trying to break resistance, if it stand 40$ next few hours, we are good for the target
Trade active:
i know if you have tight stop, you might want to pull out your position, but you can keep holding since, its still in the uptrend channel
Trade closed: target reached