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Neo / Tether
Long

NEO USDT Triangle in a uptrend channel

By CryptoSr
Updated
NEO USDT is moving up in a channel and have formed a symmetrical triangle in the lower time frames. Target: upper part of the channel (about 15.30) if breaking up. 10% move approximately. Wait for the break out of the triangle if do not want to gamble
Trade active
Bouncing up from lower part of triangle
snapshot
Trade active
Triangle breaking down
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Trade active
Triangle broke to the down side. Target still to be reach

snapshot
Note
The break to the down site can be considered complete, as for the triangle actio. There is a support line the price has bounce from three times.
Any other descending may not be attributable to the triangle.

Closing the trade here

snapshot
Note
Beyond triangle forces...BTC Dumped and NEO (and alts) followed down

snapshot
Trade closed: target reached
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Chart Patterns
CryptoSr

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