Long
NEO
Today my plan was to buy a top tier laggard coin. BTC had its time to shine, then LTC and ETH. XRP went off yesterday. Lets keep moving down the list of top 100 coins. Luckily, as soon as I sat down I saw NEO breakout! This coin has potential and has been consolidating for a while. If I does breakout expect a fairly large move.
LONG-
-BUY breakout
-Broke down trend line/Symmetrical triangle on 4HR
- BULL volume behind initial move
-BULLish RSI
-BULLIsh MACD
- fundamentals good
-above psychological barrier of $40
Something to consider
- BTRX order book has a few large orders putting up a fence. BUT what is in motion tends to stay in motion. As a breakout happens, it is normal for it to impulse up, then react back, and finally continue in the initial direction. "impulse-reaction-contiunation" Frank Bunn
- large players know this and can actually play this to their advantage scooping up some last minute discounted coins before the move continues. You can see this happening sometimes too, as the orders are identical on both sides of the buy and sell. They fence to slow the move and accumulate on the other side, and finally remove the fence.
- won't be surprised if retest $40- if $40 holds up then next stop moon
Good Luck
LONG-
-BUY breakout
-Broke down trend line/Symmetrical triangle on 4HR
- BULL volume behind initial move
-BULLish RSI
-BULLIsh MACD
- fundamentals good
-above psychological barrier of $40
Something to consider
- BTRX order book has a few large orders putting up a fence. BUT what is in motion tends to stay in motion. As a breakout happens, it is normal for it to impulse up, then react back, and finally continue in the initial direction. "impulse-reaction-contiunation" Frank Bunn
- large players know this and can actually play this to their advantage scooping up some last minute discounted coins before the move continues. You can see this happening sometimes too, as the orders are identical on both sides of the buy and sell. They fence to slow the move and accumulate on the other side, and finally remove the fence.
- won't be surprised if retest $40- if $40 holds up then next stop moon
Good Luck
Trade active
Note
Disclaimer
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.
Disclaimer
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.