I am looking at a 20x for this one! Closing the gap with ICON.
I like this clear and simple pattern, looks like we have a good risk/reward ratio.
After a strong bull run we can expect a pull back soon, I am scaling out 10% of my portfolio slowly until 6k4$. Buy back zone on the trend line.
I found a staggering similarity between the Daily and the Hourly charts, check this out:
Technically positive, with some falling wedge on BTC, as well as the overall marketcap: Investors are waiting on sideline to see if the breakout will occur to the upside or not.
So I see a cup and handle here, with a potential target at the previous top. In the previews bubble correction we saw a higher low and a double top at the end of the correction, so let's be prepared to this eventuality. I think we are here:
NEO is in the same situation than in the previous wave, fail the falling wedge pattern, bellow the mean and the 50SMA, bullish divergence on the MACD, FUD with China... BUT, it has been proven by the past that it was the best time to get in ! It is currently PUMPING due to the recent news on the approval by the FMA in the Liechtenstein of an ICO coming out in a...
If we look at the log scale, we are at the long resistance, no breakout for now, but we may need a consolidation before a strong breakout, the alts may be going up in the time it happen.
I see a perfect falling wedge, the vibes are so bearish right now, with no fundamental reason (we can argue that everything is overvalued, but how do you judge the value of this market...). Other things, we have a bullish divergence at the RSI.
I can see a falling wedge, I would not short after that drop...
The fib extension gives us a really nice target at 0.0008 BTC, so let's see if it breakout from 0.0006 BTC zone.
PPT FUD seems priced in, the perspective of an open beta on the 1st of May might be a good catalyst to push the price at 0.003 (100SMA) Good luck!
We saw the 50 week hold last bubble, so let's hope it will hold and push us on some more reasonable level, like 500 billion of market cap. And let's hope the year long bear market will not repeat. But things are not the same this time, no MtGox crash, no extensive FUD, more mainstream awareness and also more awesome projets that are starting to show the real...