Long

NEO entry for a possible 100%+ swing!

Updated

Fundamentals:
-China is on a time out right now until things clear up. This is good news for anyone outside of China. Get in before the herd!
-Neo is a strong coin with a great potential as more tokens launch on the Neo platform. The platform is promising and I believe it will stick around even with all of the FUD in the air.

Technicals:
-Last move went a bit past the 78.6% fib retracement. There is a chance that it could bleed out more and even retrace fully, however, in my opinion I think anything under 500K is a buy.
-Fib extension from last move puts us at ~ 920K which is a point that has had a lot of clicks before if you look at the chart historically. I believe it's a safe bet that we will pass this point, however, let's not get too greedy. A 100% move is double your money. If you want to hold longer remember to always set your stop losses and lock in those profits!
-We are en route to cracking the 1H Ichimoku cloud - All we need is a bit more strength/volume to flow in and we will shoot right out of the cloud.

Note: As traders we can not be right 100% of the time. Understand that there will be times where analysis doesn't stick and you will LOSE. This is apart of the game. Gamblers get into gambling to risk it all and try to get rich. Traders go into trading so they can survive to play again tomorrow. Please trade at your own risk!

Note

Markets are recovering from post news/FUD

Stay patient.

Make sure to use your stop losses!

crypt0whale

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