NEO Swing is hugging a Support-Resistance-Support line.
If BTC turns Bullish (as it seems to be at the current moment) and ALT market begins to recover, NEO could be a great potential swing trade at it's current level.
Buy an hold for a week to see if bearish trend reverses.
Tight stop-loss: -5% from your entry
High potential: 8x reward to...
The last three days seem to have been coordinated BTC dumps that have occurred at 12pm EST. The BTC downward momentum this past week may be an isolated incident caused by a single actor (Mt. Gox trustee?) that has now lost its momentum.
The good news is that the volume appears to be decreasing each day. The bears seem to be losing momentum which is good news for...
BTC looks to be forming a Cup and Handle pattern.
If this pattern plays out, we could see a BTC breakout once the major downtrend resistance line is broken.
However, there are major resistances in play. Major downtrend line and $12k resistance cluster could keep BTC suppressed from major upside moves.
NEO 15m chart shows clear Bull Flag.
Recent News (Ontology airdrop & Weiss A rating) added to abnormal buying volume early in the day on February 26th.
As flag pennant continues to consolidate, we should see a price action breakout or breakdown.
Since there seems to be little profit taking after initial breakout, I would anticipate buyers to re-enter the...
BTC Fibonacci levels (range: February 2nd bottom to February 20th top) have been incredibly accurate and predictive.
Yesterday, BTC bounced off the 38% Fib level and then retraced after it touched the 23% Fib level. Now BTC is currently in a tightening pattern between the two levels.
I am definitely watching Fib levels for BTC indication of support and...
Looking like BTC is setting up a clear Head & Shoulders pattern.
If this pattern plays out and you are overall LONG BTC , this may be one of your last chances to buy BTC sub $10k... ever.
EOS may be the most underrated coin in the history of crypto right now.
The inventor of Steemit, Dan Larimer, founded EOS. Steemit is arguably the most adopted and successful projects in the space right now. He left and started building EOS as a 3rd Gen blockchain with governance upgrades, etc...
Dan has a bad rep for switching projects abruptly, but it’s only...
ADA appears to be forming a *LARGE* Bull Flag. Based on previous ADA positive sentiment and technical set-up, this could be a great opportunity to load up on ADA before a breakout.
Note: ADA RSI on lower timeframes shows above average readings, however, RSI on higher timeframes (Daily/Weekly/Monthly) reads low and shows good buy opportunity.
As Crypto markets tighten, many coins are setting up for what would seem an imminent breakout.
OMG has tested an upper resistance line multiple times. If resistance line is broken, I would expect an abnormal volume and price increase.
An ascending wedge is forming on many charts. NEO has confirmed upper resistance and lower support multiple times in current ascending wedge.
As usual, ALT coins movements in strong coorelation with BTC. If BTC remains strong, I see this wedge breaking out to the upside.
Again, NEO (& most ALTs) breakout heavily correlated and conditional with BTC movements.