NEO is tricking going against BTC, looks like it wants to shake things before moving, our previous setup got invalidated. This new one is another eager analysis, to monitor a bit waiting for confirmation before entering. Myself is already in since last idea, so this setup is for people who may want to get in. NEO looks like made a pivot, it is not confirmed yet, so if it start going bullish from here it will probably follow the setup with first target with 19% profit from here. Let's wait a bit and see !
Note
Here is the situation for NEO, it is on the 50% retracement for the recent top with a perfect 1.618 Circle Fib bottom with possible +50% on the bull side to start with and some nasty crash on the bear side so this is the ultimate stop loss and short signal. You can setup you trade either way. Since I am already long my stop loss is just below:Related publications
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
