NEOBTC
$NEO Rising slowly... Wait for it!Currently in an ascending channel bouncing from EMA100 that is acting as support.
Price is about to reach ~2480sats Resistance again, if breaks, EMA200 is next target that matches upper trendline of the channel.
RSI is rising, MACD about to bull cross.
One can think that #Neo volume is still low, but actually its number 7 in the total Volume of the entire crypto space. Wayy over $BNB $TRX etc.. Just wait for it, it will happen
NEO-BTC Long Trade PlanCommodity : NEO
Trade Type : LONG
Trading Against : BITCOIN
Entries : Double-UP Entries throughout the Buy Zone
Profit Taking : 25% at each TP point
Profit Locking : Move SL to break even once TP1 is hit, to TP1 once TP2 hits, to TP2 once TP3 hits and so on
Duration - 2-4 days
Investment in trade : 15% of the total Trading Balance.
Prospective Profit : 5% to 18%
Prospective Loss : 3%
RRR : SL to TP1 is 1.63, SL to TP2 is 2.84, SL to TP3 is 4.52 and SL to TP4 is 6.16
Buy Zone/TPs/SL price points are marked in the chart as follows
Greens - Profit Targets (TPs)
Blue - Buy Zone (Entries)
Red - Stop Loss (SL)
NEO, needs a bit more time then we can fire engines again Just playing around with waves and measured moves here.
Neo approaching buy area maybe.
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NEO Breaks Out On Enormous Volume Pretty self-explanatory. I'm tired of typing for today, so let's keep this short.
I bought NEO at 2030 with all my TRX (which I bought much lower). I expect NEO to continue its uptrend for now. We're consolidating nicely and building support in a previous MAJOR resistance zone (in red). If we can hold this area, I expect us to head towards the next targets, in green X's. I'm holding NEO long term. Yes, we can revisit lower supports, but currently price action looks very strong, with volume to support it.
We also bounced off a major support in USD value ($5-6). I was looking for a sign of strength after we reached that area, and had been wanting to enter a position on NEO since it was in the $16-30 zone. It looked too weak there so I patiently waited. So far, it was a good move.
This is not financial advice. For future reference and educational purposes earlier.
-Victor Cobra
NEO the SLEEPING GIANT! Cup&Handle that can start a new uptrend!BINANCE:NEOBTC
BITTREX:NEOBTC
BITFINEX:NEOBTC
NEO is a currency that has a very strong and mature project, has been in the top5 on its ATH and is currently "asleep".
We can see many important signals that leave us a good expectation of a upward move in the short-term.
RSI and MACD have a very strong uptrend and both holding on the positive side, demonstrating the predominant buying power.
In candles, we can observe the formation of a Cup & Handle that is very close to testing the neckline. The volume is increasing very consistently since the beginning of February and points to a breakup attempt in the coming days.
Ichimoku is totally bullish, the price has already crossed the green cloud. Lines not shown in the chart: Chikou is above the price indicating the upward trend, Tenkan crossed over from Kijun.
20MA pointed up and soon there should be the touch with the 200MA, we know that the 200MA tends to be a very important dynamic resistance but I really believe that the price will cross it without difficulty (Already happened in the 4H chart).
Let's profit together?
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