Long

NEO / BTC SETUP

Updated

NEO is currently testing resistance at the 200 SMA and forming a bullish ascending triangle. Breaking above the 200SMA has preceded huge gains in the past.

If BTC pumps, it will invalidate this idea. If it ranges, keep an eye on this and buy the breakout / retest!! Targets are marked at fib/support levels

Note

Sorry, I was looking at 4HR when I said that breaking 200SMA precedes big gains. It has broken above 200SMA on 4HR, the question is whether it will hold. A break above on 12HR TF will be an even more bullish confirmation

Note

broke out / retesting top of triangle !!! Possibly good entry point...

Note

Fell back in, but it's just about reached the end of the pattern! Looking for a move up or down soon... keep an eye on BTC

cryptodonovan

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