NEO ON DOWNWARD SPIRAL - 420% PROFIT ON REVERSAL - (H)
This is a High Risk trade.
At current point we have positive RSI and MACD however I do not see it going up dramatically or reversing any time soon or at least until we see Bitcoin stabilize in upward trend. Most alts are dependent on Bitcoin health and NEO is no different. Yes, we will most likely see spikes up within next few days of anywhere from 5% - 50% however it will hit resistance and be reversed back in downward trend until Bitcoin reverses, which by the looks of it should not be long.
Followers will receive updates on this trade.
Do not invest what you can't afford to lose. We are not your financial advisors.
At current point we have positive RSI and MACD however I do not see it going up dramatically or reversing any time soon or at least until we see Bitcoin stabilize in upward trend. Most alts are dependent on Bitcoin health and NEO is no different. Yes, we will most likely see spikes up within next few days of anywhere from 5% - 50% however it will hit resistance and be reversed back in downward trend until Bitcoin reverses, which by the looks of it should not be long.
Followers will receive updates on this trade.
Do not invest what you can't afford to lose. We are not your financial advisors.
Note
Resistance is not broken - waiting for confirmation stillNote
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Related publications
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.