Neo pounding on the ceiling
Neo is currently pushing against the 80 EMA trying to break out of its current super tight range. look for the break above the 80 EMA before entering to avoid a support break and a long fall. If our shortime bulls take over I would think about taking profits 25-30% gain.
Note
Bulls couldn't take control and attempted a retest of the trend line yesterday. Its falling back to support so continue waiting for the EMA 80 breakNote
Neo has been rejected by the EMA80 once again. we need to break that EMA80 before we can consider any bullish movementNote
The squeeze has ended and price action is moving upwards. I was hoping for a little more steam but this might be able to push us to the 25% profit marker. looking to take my first profits at .0027Note
we are still riding the 80EMA wave. Lets hope it holds until the bulls can regain their strength
Trade closed: target reached
guess i forgot to close this. In APR 19 we did hit the target of .0027. nothing but red after that.
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.