I have been buying up NEO lately (at the low and the dips as its goes up) but haven't published anything it pretty much follows the BTC trend as for the ALT coins lately. However I start to see that some ALT coins are starting to act independently when BTC is bullish. Having said that, he is my opinion with some condition based assumptions.
1) NEO is bullish based on the 1D and 1 Weekly charts. Go long as long as BTC is still bullish\long.
2) NEO has not reached its peak based on the 1D RSI charts. So it has a bit more to go up.
3) Previous sells were when RSI reached 60% but I'm looking to get close to 70% before selling majority. Sold some on the way up like the 60% as recent history shows some selloffs and then buy at the dips.
4) 2 resistances formed 1st) downward slope, yellow line and 2) horizontal line. Horizontal line breached twice and hence moving towards the sloping resistance.
1) NEO is bullish based on the 1D and 1 Weekly charts. Go long as long as BTC is still bullish\long.
2) NEO has not reached its peak based on the 1D RSI charts. So it has a bit more to go up.
3) Previous sells were when RSI reached 60% but I'm looking to get close to 70% before selling majority. Sold some on the way up like the 60% as recent history shows some selloffs and then buy at the dips.
4) 2 resistances formed 1st) downward slope, yellow line and 2) horizontal line. Horizontal line breached twice and hence moving towards the sloping resistance.
Note
Sold all my NEO holdings on the exchange (note I have some for long term / staking, irrespective of price. I do believe NEO will be one of those that will stay around.Today I sold them at $24.21 close enough to the top at this point.
Note
The green slope\line seems to become the resistance. Note
Further update review, it seems NEO has some green candle sticks for the 6 hrly and below. I am starting to think the market is brushing the manipulation event and is still bullish. The 1 day candle demonstrates the dump volume is almost matched after with buys. I would like to see the next 6 hrs before concluding to enter.Note
sideways movement.. no signs to say enter trade.Note
Note
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Discord: discord.com/invite/vb4hbP88vb (TradeToProspa)
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
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.