I have decided to give an updated analysis on NEO, as it is one of the coins which I trade but have not updated as recently as others.
The trend is your friend, and with my current count, I have multiple lower targets in play. How low we go is any trader's opinion, but a good rule of thumb for swing trading is to target the most current swings first, as that is where we are most likely to see a reaction. With Bitcoin struggling, it is no surprise that smart money wants to see lower prices across the entire field of crypto assets, with the hopes of realizing profit. As they most always surely do.
My name is longmoney but I do Swing. And with NEO, I never hold. I look for partial profits, and sometimes hit my absolute targets. With this particular trade however, my primary count is down due to confluence. Alarms are set, so I sit back and wait.
I will update this chart as frequently as I can, but with so many ongoing trades I do get behind sharing my ideas. Please follow and like if my TA provides any insight into this particular asset and helps others get their TA skills up to par. Have no fear. Be confident. We can compete with smart money. I know from experience.
I will be looking for a test of our previous low pivot on approx 3/18 as I like the spike which we saw on Binance on the 4hr. However, do keep in mind, NEO is a major and takes much more money to jump in price than other cheaper cryptos.
This is mine and your education only. Sharing knowledge in TA is my goal. Trade smart and safe everyone...
--longmoney
The trend is your friend, and with my current count, I have multiple lower targets in play. How low we go is any trader's opinion, but a good rule of thumb for swing trading is to target the most current swings first, as that is where we are most likely to see a reaction. With Bitcoin struggling, it is no surprise that smart money wants to see lower prices across the entire field of crypto assets, with the hopes of realizing profit. As they most always surely do.
My name is longmoney but I do Swing. And with NEO, I never hold. I look for partial profits, and sometimes hit my absolute targets. With this particular trade however, my primary count is down due to confluence. Alarms are set, so I sit back and wait.
I will update this chart as frequently as I can, but with so many ongoing trades I do get behind sharing my ideas. Please follow and like if my TA provides any insight into this particular asset and helps others get their TA skills up to par. Have no fear. Be confident. We can compete with smart money. I know from experience.
I will be looking for a test of our previous low pivot on approx 3/18 as I like the spike which we saw on Binance on the 4hr. However, do keep in mind, NEO is a major and takes much more money to jump in price than other cheaper cryptos.
This is mine and your education only. Sharing knowledge in TA is my goal. Trade smart and safe everyone...
--longmoney
Note
No alarms hit on Neo. No targets realized. Original count. Updating this first for everyone :-)Note
Who woulda saw that pump from NEO. Not me. Missed trade. Lower targets are still in play.Trade closed manually
Let's close this crap out with this manipulation lol. I'll post a new NEO soon. Bought way back so I play with it
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.