NOEUSD Medium Term Outlook
Updated
It looks like NEO has been in consolidation for far too long.
It has been almost 5 weeks in the current "range" it is trading it.
From the trend lines (white), it looks like it is running out of space.
I'm buying below $28, setting trailing losses 5% below bottom uptrend line (white), and letting it ride, as I believe it is very realistic for NEO to reach $100+ by early / mid next year.
Short term targets are $50-55 and $75-80
Risk:reward looks very favorable
It has been almost 5 weeks in the current "range" it is trading it.
From the trend lines (white), it looks like it is running out of space.
I'm buying below $28, setting trailing losses 5% below bottom uptrend line (white), and letting it ride, as I believe it is very realistic for NEO to reach $100+ by early / mid next year.
Short term targets are $50-55 and $75-80
Risk:reward looks very favorable
Note
Anyone who bought at $27-$28 like I recommended should be at least 15% up.it is currently trading at $33 and moving towards $40.
Note
$40 broken, $45 achieved.Now moving to $50.
Trade closed manually
closed 50% of this position.I think there could be a pullback to 30s where it will pick up buyer momentum before takes off to 60+70s
I also think we can reach $50+ before that pullback, I am just taking 50% of profit to be safe.
This coin is in my core holdings and I see it going $100-$200 in 2018.
Note
disregard last comment, new target $750-$1000 in 2018.25+ ICO's on neo + china uplift "ban" = $500+ easy
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.