Neoscoin NEOSBTC - Large Cup & Handle. Pump & Dump? Probably
Pretty obvious Cup & Handle formation. Already broke above the neckline today and retraced - it's bouncing around right now.
Stochastic looks has some room to go up.
Volume doesn't really match the pattern, but this is a very low volume coin.
Target would be well above the ATH.
Listen...like I said this is a low volume coin so it's very prone to manipulation. It probably wouldn't take much for a small whale to paint that pattern. So this could be the setup for a massive pump & dump. Not that you can't make a ton of money in a pump & dump, but it can turn around on you before the panic fart even leaves your buttcheeks.
Just feel like I needed that disclaimer in there because I don't want to get anyone too excited and ruin their day/life.
Anyway...Watch for a breakout with some strong volume. This one is a total gamble, if it takes off don't get in too deep and make sure you SELL while it's still going strong.
Be safe!
Stochastic looks has some room to go up.
Volume doesn't really match the pattern, but this is a very low volume coin.
Target would be well above the ATH.
Listen...like I said this is a low volume coin so it's very prone to manipulation. It probably wouldn't take much for a small whale to paint that pattern. So this could be the setup for a massive pump & dump. Not that you can't make a ton of money in a pump & dump, but it can turn around on you before the panic fart even leaves your buttcheeks.
Just feel like I needed that disclaimer in there because I don't want to get anyone too excited and ruin their day/life.
Anyway...Watch for a breakout with some strong volume. This one is a total gamble, if it takes off don't get in too deep and make sure you SELL while it's still going strong.
Be safe!
Trade closed: target reached:
Done and done
