NEO Technical Analysis - NEOUSD - 63%-443% Profit Expected
BIG Trade Coming For NEO...4x - 5x Gains Expected.
Based on AB=CD pattern , Time Ratio & Gann Analysis, It's a potential long position with great returns :)
In a lower time-frame (4hrs) this long position has also been confirmed.
For Bigger Time-Frame
Target Profit Range - 13 - 32
Good morning dear crypto friends, hope you're doing well.
Both NEO & TRX started pumping when Xi Jinping announced that China wants to become a leader in Blockchain: They're pumping out of political reasons, this is crucial to understand.
Especially in NEO's case, we saw an immediate pump by 70%, followed by a perfect Bull Flag on the...
Overall we are moving in an ascending channel. But we just hit the middle of the channel, and now we can be flatting around this middle of the channel for a long time. I wouldn't expect big movements now. Trading between levels will be a safe bet.
The NEOBTC pair has already broken above it's trend line from all time high and the USD pair is looking similar, but we are in a resistance area and it could very well end up being a wick. Just keeping an eye on it for now, but leaning towards a bullish break.
Well well well...look who's made a comeback? NEO has been one of my favorite cryptocurrencies since I first started learning about this insane market. I almost FOMO'd into it when it was above $130, but I held off. A year ago, I made a post about why I expected single digit NEO if the $13-16 area broke down (linked at bottom). That played out beautifully, and I...