NEO seems to be ready to break up this triangle 📐 and if successful I think there is chance for run to 33 and even higher.
ENTRY : local high @ 23.8
STOPLOSS (SL) : local low @ 21.8
TARGET (TP) : height of the triangle projected from midpoint of the local range (BUY STOP-LIMIT - SL) @ 33.3
REWARD RISK RATIO (RRR) : 5
INVALIDATION : when SL level hit
Hello Traders. I hope you are having a great weekend.
Today I am looking at NEO`s chart on daily timeframe and as you can see there is a descending line ahead of the price which should be
broken if the price wants to go higher. Best time to buy is when it breaks it with good volume then pullbacks to the yellow area with the target shown.
SL could be around...
💎Technical Analysis Summary💎
-The $25 dollar area is the potential buying interest for long-term investors
-This zone has been respected multiple times since September 2017
-If NEO will form any reversal pattern like Double Bottom or Tripple bottom
-Our weekly bias increases right here and the chances to retest the $100 increases
-This is a long shot...
#NEO/USDT Profit Update:-
$NEO currently trading at $100 and went upto $134
And our entry was $41
So total 231% pure profit guys.
Entry:- $41 ✅
TP1:- $55 ✅
TP2:- $70 ✅
TP3:- $83 ✅
TP4:- $100 ✅
Congrats guys who booked huge Profit.
I forgot to update and mention profit update.
Always learn and earn.
I already sold my All $NEO
Still I am not holding any...
Now that most alt coins are recovering, we can open long positions on some of them.
NEO right here looks good for opening a long position. just wait for the confirmation, it has to close a 4H candle above the resistance area and then you're good to go. I've shown the TP areas on the chart and you can also see the support areas.
⚠️ NOTE: This usually happens when a...
#NEO/USDT profit update:-
$NEO currently trading at $63
Which is 52% up from our entry zone.
Congrats who bought and still enjoying the profit ride.
Entry:- $41 ✅
TP1:- $55 ✅
TP2:- $70 pending ( hit $65 )
Still $100 Potential coin $NEO
If you want to safe play than you can sell 20-30% positions.
#NEO/USDT TA Update:
$NEO currently trading at $45.6
And very near to breakout the bullish Pennant.
So I am buying some here.
$NEO/USDT ready to breakout of Triangle so this looks super bullish.
If again Retest at $40 then our 2nd entry will be $40.
Entry:- $41-$45.7 ( accumulate)
Stop Loss:- below $38
Please click LIKE...
NEO looks great for new increase trend.
Discipline are the key to success - Take profit - Learn from your mistakes and never give up!
The reason 1 that 90% of traders lose, not because they can't trade, but because they trade emotionally.
if this appeals to you then learn yourself first before starting with trading.
#Always do your own research...
Head and shoulders and a cup and handle present
Looks like a breakout from a cup and handle
This breakout will likely continue until the yellow (resistance) line is hit
Always liked NEO but never bought any
Maybe its time?
I know history doesn't always repeat itself. But if you look at the two vertical lines I drew here, you can see that BTC hit ATH at around Dec 11th 2017 last big bull run. Then ETH and NEO hit theirs about 1 month later on January 8th 2018.
I see a lot of talk about how BTC runs the other coins, but here is evidence that the others run on a delay.