Today's pullback is a good opportunity to buy in. I believe over the next few months it'll swing back into the 50's. I also updated what my stop limit is at. With their financials looking so good, I expect long interest to rise leading into the coming earnings report, which will be around 2/28.
The US Dollar has continued to lose ground against the rest of the currencies. The USD/CNH pair is no exception to this event. However, there is one interesting aspect to the decline of the Buck against the Chinese Yuan. The currency pair recently stopped its decline and began to trade sideways. The move was initiated by a combined support of the lower trend line...
A new, bigger bullish triangle pattern developed over the last few weeks. We can expect an outbreak on the upper side end of this week or beginning of next week. Until then, only small price moves within the triangle pattern will happen. An outbreak on the upper side will open new targets at 22500 and 24000. However, we shall not forget that the US-government and...
NEO is my favorite cryptocurrency, owning 50% of my portfolio since October.
reminds me of HMNY as an enormous pump-and-dump, "blockchain" fueled CDN with no plan of monetization of currency itself, needs to revert to mean, matter of time
can accumulate till stop loss area..
Is Bitcoin under china china china manipulations?! :) Interesting...
To quote kexari "NEO has the biggest hype of all. Westerners call it the "Chinese Ethereum". Yet nearly all the trading volume comes from the West. It's a joke comparing it to Ethereum. The white paper is incredibly ambitious, 90% of it is unimplemented. The GitHub activity looks comparable to a hobby project at best. The CEO is conveniently an advisor to all the...
The US Dollar has been plummeting against the Chinese Yuan during the second half of August. However, it seems that the decline of the Buck against the Yuan has ended. The currency exchange rate has met the support of a rather week long term descending channel pattern near the 6.5240 mark. It is possible that the trend line managed to hold its ground because of...
China stocks are hot right now. $bzun $$jd $wb $sina all having great strenght. $yy currently is consolidating in a nice flag and could run in sympathy and start to trend.
Neo is trapped in a downward channel. Today it tried to break free on the upside. The break got sold though and Neo is trapped again. Look for new declines till at least the previous bottem (40-45 area), maybe even lower.
One of market wizards once told that to find the trend we should squeeze the chart. Frankly speaking I thought USDCNY is in a correction before I squeezed the chart, the Monthly chart. The pair had a Mega GAP in 1994. It looks like we have an echo from that distant time in form of a downside impulse, which is filling the gap. We could be in the last large wave...
A week ago I wrote the most possitive scenario for Neo's price in the near future would be a neutral range. After leaving the apex of the triangle Neo formed a lower high and indeed went on sideways till today. Horizontal support broke, the drop stopped at an old peak-price. Then former horizontal support got back tested and now serves as resistance, the break of...
Wait to confirm price reversal and buy $NEOETH at a discount before the next bullish run. NEO is in a unique position, fundamentally, as many ethereum projects are switching over to its chinese counterpart. Remember to keep your $NEO stored in a proper wallet so you don't miss out on the GAS dividends.
The pair is in a corrective move. Possibly W-X-Y double three.
Fundamental: I studied the company and I like the its past history and it meets my fundamental parameters. Past history does not guarantee future results. It is a Chinese-based company. Technical: The volume clearly shows big players entering the stock of this company. Its time to surf the wave up! The price chart consolidated sideways with volume...