NEOUSD hit a high of ~$198.20 on Jan. 15, 2018 after which it sold off. Price action from the high at $198.20 to ~$63.62 (on Feb. 6, 2018) is a 3 wave (A-B-C) move. This implies price recovering or resuming from the low on Feb. 6 as an impulse move upwards or at least another 3w move upwards. The uptrend in price after the low on Feb, 6 2018 is rather another 3w...
Dear friends,we see NEOUSD having formed a beautiful inverse head and shoulders pattern right at the 05 Fib level.The recent dip to 65 which is the 0.786 Fib level seems to be the lowest point this baby intended to go to. For it to confirm price reversal,we need the price to break above the neckline at 111.8 and close above the immediate former resistance at...
This is what I'm thinking will hapen in the very near future, next 2 days.
The best entry point to BUY = LONG-TERM / Chart 4 hours
The price of NEO hit bottom of the channel twice and broke downtrend line which gives signal of price wanting to move further upwards. MACD supports upward movement. Buy target should be set above former support level at 38.5. If you are going to take this trade, it's important to remember to use stop-loss. Stop-loss should be set at 34 level. If the price does...
Buy up to: $37.5 Stop Loss: $34.5 TP1: $45 ( 19.5% Profit ) TP2: $57.5 ( 42.5% Profit )
Bulls are in charge. Any close above the bullish flag at $40 entails a break out and a chance to enter long again. Ideal bull target remains at $45 and $53 but there is more upside potentials.
I am focused heavily on NEO. Margin trading + hodling. I will aim to update NEO ideas every 3-5 days & will update with comments on current daily. No shills, no frills, just what I am doing. (Check previous graph for validation of neo calls so far)
Interesting chart... Or I've lost my mind. I would appreciate input.
With possible rumor based Chinese news on the horizon, we should see a spike in buyer confidence today - If we do go up I will be setting a trailing stop for sure. Buy the rumor sell the news.
NEO broke key resistance trend line after that bullish candlestick. Long projection in the next trading days as a buy signal has been printed by stochastics. Swing traders to target 34.00 and then 45.00. check more here: www.newsbtc.com