NEO/BTC in a up trend!
Updated
Hey all!
Finally got some time to chart again and NEO is looking interesting.
There are some clear patterns in the RSI to watch, NEO seems to react to divergences with solid reactions so far, noted that in the chart so keep an eye on that as you have the trade open.
Overall everything is pointing towards an uptrend but I do believe NEO is overvalued FA wise so keep that in mind when trading this. The R/R has been adjusted because of the FA risk;
R/R TP1= 1.5
R/R TP2 = 3
This is the first long position in a while for me in the cryptocurrency market but I'm happy to see everything seems to be moving up again!
TLDR: watch for divergences in the RSI, the cloud is support and a tight stop loss because of the FA risk.
As always,
Happy Hunting!
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock/cryptocurrency picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. These are not facts but my personal views and opinions.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Finally got some time to chart again and NEO is looking interesting.
There are some clear patterns in the RSI to watch, NEO seems to react to divergences with solid reactions so far, noted that in the chart so keep an eye on that as you have the trade open.
Overall everything is pointing towards an uptrend but I do believe NEO is overvalued FA wise so keep that in mind when trading this. The R/R has been adjusted because of the FA risk;
R/R TP1= 1.5
R/R TP2 = 3
This is the first long position in a while for me in the cryptocurrency market but I'm happy to see everything seems to be moving up again!
TLDR: watch for divergences in the RSI, the cloud is support and a tight stop loss because of the FA risk.
As always,
Happy Hunting!
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock/cryptocurrency picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. These are not facts but my personal views and opinions.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Note
Daily view:Note
Below 0.00825 = manual close.Trade closed manually
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