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NEO: Going To The Moon?

BITFINEX:NEOUSD   NEO / U.S. Dollar
Good morning dear crypto friends, hope you're doing well.

Both NEO & TRX started pumping when Xi Jinping announced that China wants to become a leader in Blockchain: They're pumping out of political reasons, this is crucial to understand.

Especially in NEO's case, we saw an immediate pump by 70%, followed by a perfect Bull Flag on the Daily:


=> If you're asking yourself, why the recent price action on this screenshot is missing: I posted it in our Discord channel yesterday.

Not enough with the perfect Daily Bull Flag , we even got an Equilibrium pattern on the Hourly, perfectly confirming the breakout:


=> Since then we're 15% in profit unleveraged.

What now?

NEO had been much higher this year, we came back to the ranges of $18-20. With the political news out right now, NEO could go towards that range, giving solid 50% profit unleveraged.

That doesn't mean though, that you can just blindly start chasing it: It is pumping right now, and you have to wait for a good consolidation opportunity.

If you don't want to miss amazing opportunities such as this one in the future, and eso. if you want to know how to exactly trade setups like these: You can become a member of Edgy, either through mentorship, automation, or through subscription to our indicators.


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Indodax touched 17$ already
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