NEOBTC trade ideas
$NEO Ascending triangle reaching to the edge against resistance $NEO Ascending triangle reaching to the edge against resistance at ~167k sats
UCTS Buy signal on the daily chart
Volume slowly growing..
nice trendline hodling the movement and producing HLs
Breaking above resistance could unleash some movements for #NEO, stay alert
#NEO
NEO – bullish pattern – 35% quick gain possible.Hi Guys!
We are sure many of you heard about NEO.
It made 350X gain in 2017 .
Will it repeat its success?
Well, maybe it won’t be as much spectacular as it was two years ago but…
Let’s take a look at the chart and indicators.
• The current price level is one of the lowest ever. This is the accumulation time .
• Ichimoku Cloud - The new bullish bar starts above the TenkanSen(red)
and KijunSen(blue) and the bottom of the cloud. GOOD.
• Weis Waves – The supply is falling down since the beginning of May.
Nice amount of demand has shown up.
• Bullish ascending triangle observed – our minimum target is 0.002300
• Further target possible – 0.002740
So this should give us a quick 35% profit according to the bullish ascending triangle theory .
Wait till this triangle is broken up .
What do you think?
Are you on board?
Thank you for reading.
Hit a like to support.
MASSIVE Hugs!
WBM Team
NEO is preparing for somethingNEO/BTC is forming an ascending triangle .
NEO many times bounced off of the rising support of the triangle, constantly creating higher lows .
The ceiling was tested many times, so next time 0.00163 expected to fail.
Targets for a breakout to the upside on the chart
Breaking down invalidates the pattern. Always practice risk management.
Fundamentally NEO prepares for something big. NEO has so little attention today with this new coins, but accumulation we've seen on NEO looks impressive. NEO 3.0 coming next year can potentially be a game changer.
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The information given is never financial advice. Always do your own research.
NEOBTC Technical Analysis NEOBTC Technical Analysis
Right Now Making Good Pattern.
There is Only 5% Risk and 20% reward Good opportunity if you can afford risk as well.
Note: This is only for Educational Purpose this is not Investment advice.
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Thanks
Adil Khan
Long on neoNeo is struggling to get into an uptrend, and probably put in a bottom here. Buying the reclaim of daily 21ema, expecting it to flow towards 235500 sats over time. This is a high market cap shitcoin so it will take some time to move, I think there are definitelly faster movers like chainlink or matic, but they do carry more inherent risk than tried and tested Neo.