Long

NEO 80 USDT 50% profit potential

Updated

I'm going to share with you my idea.

I'm beginner in trading, please dont blame me if my idea won't go well

Always trade on your own , and don't trade with more money than you able to lose

Note

The Entry point was for the previous descending triangle, now the Entry at around 50-55

Note

If you have any idea to attach to my explanation, i would gladly read it :)

Note

Here are the upcoming events with NEO
They could affect the price..
12 Apr — Meetup in Tokyo
12 Apr — Workshop in Tokyo
13 Apr — Global Hackathon in Tokyo
14 Apr — NEO Amsterdam Summit
17 Apr — Meetup in Lisbon
17 Apr — Workshop in Lisbon
20 Apr — Meetup in Madrid
20 Apr — Workshop in Madrid
22 Apr — Meetup in Paris
22 Apr — Workshop in Paris
24 Apr — Meetup in Vienna
24 Apr — Workshop in Vienna
26 Apr — Meetup in Zurich
26 Apr — Workshop in Zurich

Trade closed: target reached

Tar1 and tar2 reached.
Yesterday the price was standing for long in my fibonacchi 23,6 % but in dawn the price moves up and reached the 50% fibo and with it it reached the tar2 and we have 20% profit now.

There is a support in 68,08$ , the price retraced, but in my view we will reach the lasted targets.

Be well! :)

Note

We seen that the latest bullish candle was similar to the previous bear one.

I have drawn an elliot wave on this uptrens, and this will be the 5th wave if the price breaks the heavy support in 68,39$ where the fibo 61,8 takes place.

The volume is increasing but we need more pressure from buyers.

Keep movin’ on .

Note

So, at first let me explain you what I see in the 4H chart.

According to 200 EMA we are in a downtrend until we get above the Cyan colored line.
I see a descending triangle also, and we will break out of it soon.

The Black lines are the main support levels that made by the Ichimoku cloud.

The Stoch RSI shows weakness from the buyers side.

I think there are a little consolidation in the market.

Try to enjoy your weekend, relax, think, and grow your inner peace. :)
I will be back soon.

Trade closed: target reached

Target 3 reached. ( those, who bought when i shared this idea could collect around 31% profit . )

The latest candle is a massive inversed hammer that reflect the market will go down, there is a support level +- 1 % above, or under the black thick lines.
This candle also break down from 70,9 $ it means, there was a strong buying, but a little fear appeared, and then the price goes down.

There will be a 5-10% downtrend, or maybe a consolidation then we will go to reach Target 4

Keep Movin' on
Have a nice day .

Note

We have reached Target 4 ( 78,60 fib line)
That means that those who have followed my idea since the beginning, can take up to 35% profit. Thats huge!

The market status is great nowadays, take the profit out, and trade wisely .

Those who want to join us in this profit wave, i reccomend to enter between 65-70$, but it highly depends on what will be the next move of BTC

Keep movin’ on to reach 80 $

Be well, have a great day!

Splashandenginer

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