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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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.