NEO Long PlayNEO appears to be bottoming out around 0.0021BTC. On the right chart (60m), you can see the ascending triangle forming. If the volume is weak the breakout may only go to the 0.5 Fib level around 0.0022BTC. Watch Volume at the Yellow Circle in breakout above triangle occurs. However, with sizable volume, a breakout could send the price back up to the bottom of the red Ichi Cloud with a short consolidation back to the 0.5 Fib. If NEO bounces back up from this level through the red Ichi Cloud, next break up can send price to 0.0025BTC at the 0.236 Fib level. Volume is very important for this rally as volume has dried up significantly on the daily.
NEOBTC trade ideas
NEO: Is there a possibility to enter the market?Currently, the ’’Chinese Ethereum’’ is trading at the positions of the first days of February. The coin is located is the descending channel from April.6 and still not able to recover.
A potential trend change is possible if NEO achieves the 220k satoshi mark and trade there within the next few days. However, it is late to talk about such a scenario as trade volumes are too low. Only, in case they increase, bulls can enter the market.
Daily Bullish Signal $NEO #NEO #NEOBTC #BTC $BTC (14/4)RED ARROW indicates the EXPECTED Time and Targets
Level Stoploss point up to maximize profit and reduce risk
I'm working all the time, even in Bearish Market
======================
My path doesn't seem like anyone. I'm like a MONK, always studying to find the direction that prices will follow. I will feel very comfortable if the price goes exactly in the direction I drew. I will always try and practice until PERFECTION is MY OWN
NEO still losing momentum - The China slowdown is real #notethNo doubt I am going to get blasted by the hordes of NEO fans and shillers here on TV HOWEVER - I just can't help myself, I want to kick it while it's down.
Simple technical analysis on the chart. Basic support and resistance levels being monitored.
For now I am going for what looks like an easy margin leveraged short on NEO - Feeling pretty confident that we are going to taste profit target long before we see a genuine recovery.
Looking to go big fat, wide and heavy on it - Some of this is revenge for a past dance that I am still angry about ;)
As always these are my trades, my risk, my ideas and opinion - it is definitely NOT direct trading advice in any way.
Feedback, thoughts, likes and shares all very welcome - even an opposite view, all fine by me I'm here to share and enjoy the banter.
Good luck and happy hunting to all.
XOXO MysticCrypto
NEO trade +32%, big target +72%This is my first prediction. I used simple trendlines to spot this opportunity. The biggest issue with this one is that Bitcoin might collapse in the following days and it might bring NEO in his way down.
If the stop-loss is reached, I only lose 2% of my portfolio so it's worth a try!