imfamousrajat

NEOS (NEOUSD) BREAKING OUT? Next Target $94?

Long
BITFINEX:NEOUSD   NEO / U.S. Dollar
Welcome everyone, hope you all are doing well. Let us look into another trade opportunity.
NEO, another great project. If you remember, i gave a buying signal at $76 a week ago. (HERE: )

After that, NEO fell back and fell into consolidation region. But now, i am seeing some early signs of Bullish movement.


Let's see some key points:
  • MACD line is about to cross with the signal line, which means it will give a buying signal soon once they cross over. (Although, we cannot say anything about the strength because as i said, it's an early signal.)
  • Bullish Momentum is increasing as per ADX and DI.
  • RSI is moving in 50-60 region which support Bullish movement.

POSSIBLE TARGETS:
  • $94
  • $106
  • $123
  • $144

Also, BTC price movement will also affect NEO. So, keep an eye out.

P.S: This is not an investment advice, and i am just learning. This is for my learning purpose only. Invest your capital at your own risk.

Those who wish to achieve greatness,
never seek for permissions.
They follow what their heart says,
and do what their mind states!


Good luck trading.!
Peace.
Comment: If we look at shorter time frames, we can notice that it went from $84 to around $68, which makes me believe that we are in Wave 2. Although i am no PRO, I am just learning. I just share so that people can look out for that specific coin and if they think it's worth investing, then they can go ahead.

Here the chart on a smaller time frame:

Comment: In the last few hours, NEOUSD LONGS have increased by over 22% on BITFINEX.
This definitely supports upward momentum.

Comment: NEOUSD LONGS have increased by over 41% on BITFINEX in the last 8 hours.
Upward movement coming Soon.!

Comment: We are moving towards our first target.!
Comment: FIRST TARGET REACHED.
Comment: (1) $94 - *REACHED*
(2) $106
(3) $123
(4) $144
Comment: BTC FALLING DOWN. ALTCOING TAKING A BIG HIT.
Comment: I see formation of a Bullish Pennant on 15-mins chart.
Comment:

Comments

Possible tops that i see:

$89
$94-96
$100
$104-is
i dont think we will go higher than 89, but if we do i am gonna aim for 94 and then go short to 88 to scrape a little more. This is my current thoughts but time will tell.
+1 Reply
imfamousrajat skyzacrypto
@skyzacrypto, Yeah, $89 is acting as a strong resistance in my opinion too. It touched it 2 times and fell back to lower levels. Let us wait and see.

Good Luck.!
Reply
Great chart. Thanks a lot for sharing.
+1 Reply
imfamousrajat alanmasters
@alanmasters, Thank you, just trying my level best to learn charting. :)
Reply
Nice, my TA for NEO looks the same :) I am also learning TA atm
Reply
imfamousrajat Colin_Schulthess
@Colin_Schulthess, Great, man. Keep learning, i have also just started learning charting. Good luck. Have great Profits. :)
Reply
Colin_Schulthess imfamousrajat
@imfamousrajat, thank you man, same to you!
Reply
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