similar fractal pattern identified to the one bitcoin produced in the 2013-17 cycle!
If history rhymes, then the previous targets I posted are way lower than what we are going to see in the future
Idea inspired by trader: USCG_Vet
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(NEOUSD 1W Chart)
If the price holds above the 23.66260578 point, it is expected that the uptrend will continue.
In particular, if the price is maintained...
Here is a monthly chart of NEO/USD revealing two BULLISH pattern formation in confluence (Ascending Triangle & Cup and Handle) which can provide high probability trading/investing opportunity.
The last time it was shared (on a Weekly-Timeframe) the price was around $24 and it rocketed from there to $141 and then eventually the big fall was witnessed as BTC...
Simple idea. Note that I didn't keep the timing of the market in mind. This can develop over a longer time frame.
A wick below the uptrend to the lower 20s is still possible in order to provide liquidity. As long as it's a wick and the daily closes above the uptrend, this idea stays valid.
After four years of stable MainNet operation, Neo is undergoing its biggest evolution as it migrates to N3 - The most powerful and feature rich version of the Neo blockchain to date.
Since BTC starts to pump again, NEO will explode shortly.
So what do you think about it?
9.5.21 $NEO Minimalist Analysis for a Short to Mid-Term Swing trade.
Watch for patterns, EMA, and your Fibs.
Further Analysis on price action is required on a 1HR-4HR chart when entering or closing a trade.
depending on your risk appetite and trading style.
Disclaimer: The findings of the following analysis are the sole opinions of the publisher of this idea...