NEO! Breakout soon!??
Hello traders,
After the inverse head and shoulders breakout for Tron and Bitcoin, some of the big caps like NEO or XRP has not reached recovered from the recent crash.
Looking at the 4 hour chart for NEO, we see that inverse head and shoulders pattern has completed and waiting for the bearkout confirmation. There was a false breakout wick earlier, but it was soon rejected by the high selling volume. I still think we will see breakout in next couple days, and the target for this trade is around 64000 Satoshi range (7% profit) for now.
Happy trading!
After the inverse head and shoulders breakout for Tron and Bitcoin, some of the big caps like NEO or XRP has not reached recovered from the recent crash.
Looking at the 4 hour chart for NEO, we see that inverse head and shoulders pattern has completed and waiting for the bearkout confirmation. There was a false breakout wick earlier, but it was soon rejected by the high selling volume. I still think we will see breakout in next couple days, and the target for this trade is around 64000 Satoshi range (7% profit) for now.
Happy trading!
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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.