NEO is poised to enter the daily cloud which could push price up to around +50% from current entry.
Bullish continuation pattern + cloud metrics = confluence on high time frame. Very clean setup compared to many.
Trade becomes invalidated if the pennant structure fails if curious about stops.
BTC looking like it may revisit 8800. since we are trading on a USD pairing, ideal entry for NEO would be during a BTC red candle to 8800. This will also help mitigate risk of the pennant breaking due to fear of BTC dump. Patience!
Pennant structure is not holding, but neo is respecting the kijun. Will update the buy zone to reflect my recent comments on optimal entry being when btc approaches 9k.