NEO / BitcoinLong
NEO Pennant is forming... but volume remains low
Updated
NEO has a pennant forming and should break out in the next few days.
But I would not expect miracles because
So, while I expect a break out, I don't expect a lot of gains to be made.
I would look at 1350 or maybe 1450 ... not much more than that.
But I would not expect miracles because
- The volume remains low
- We are 50% above the 50 EMA, (1 day)
- China, (the primary target for that coin), is still threatening to release Crypto regulations.
So, while I expect a break out, I don't expect a lot of gains to be made.
I would look at 1350 or maybe 1450 ... not much more than that.
Trade closed: target reached
Done... :)
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