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...
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?
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
I hope you found it interesting:)
Weekly:
we are bearish
Key level got reached
Daily:
Bearish W
We are currently rejecting the daily zone with a nice wick and we have a bearish wick that indicates that price could get filled (daily candle didnt close but 4h is already bearish)
4H:
h&s
Weekly:
Retest level got hit
Daily:
Retest level got hit
Last daily close was a red candle with a wick, we expect the wick to get filled
4H:
Pattern in a pattern: h&s + bearish W.
We got a double trendline to protect our price
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(NEOUSD 1W Chart) - Mid-Long-Term Perspective
Above the 23.66260578 point: the uptrend expected to continue
(1D chart)
I think the 23.66260578 point and...
NEOUSD teacup pattern formation in weekly timeframe currently at the teacup handle with an inverted head and shoulder pattern at daily timeframe which my bias bullish.
BITFINEX
