Hi guys,
long term NEO is for me the most safest store of value, but as you know price can go up and down at any time so sometimes I profit from short term trades based on certain news events.
Currently NEO has an airdrop planned for March 1st with dropping 0.1+0.1 ONT for 1 NEO to all NEO holders, even if they hold on Binance or Kucoin.
This event and maybe combined with the overall BTC positive swing have a good opportunity to swing trade NEO.
On the hour chart I draw yesterday the fib lines after the first big price surge, that showed to be bullish.
My first target at 145 was briefly hit today.
Not sure NEO has enough power to go to the second target, but I have some sell orders there as well in case it does.
This is not financial advice, but an exemplification of the fact that in a bullish move, TA shows the direction and the fib lines can give you a good idea of the price levels that can be reached.
Be careful, I do expect NEO to drop after the March 1st, in case the airdrop was indeed the driver for the current move.
Enjoy!
Thanks for your likes, comments and follows.
Follow me on twitter for more crypto updates.
long term NEO is for me the most safest store of value, but as you know price can go up and down at any time so sometimes I profit from short term trades based on certain news events.
Currently NEO has an airdrop planned for March 1st with dropping 0.1+0.1 ONT for 1 NEO to all NEO holders, even if they hold on Binance or Kucoin.
This event and maybe combined with the overall BTC positive swing have a good opportunity to swing trade NEO.
On the hour chart I draw yesterday the fib lines after the first big price surge, that showed to be bullish.
My first target at 145 was briefly hit today.
Not sure NEO has enough power to go to the second target, but I have some sell orders there as well in case it does.
This is not financial advice, but an exemplification of the fact that in a bullish move, TA shows the direction and the fib lines can give you a good idea of the price levels that can be reached.
Be careful, I do expect NEO to drop after the March 1st, in case the airdrop was indeed the driver for the current move.
Enjoy!
Thanks for your likes, comments and follows.
Follow me on twitter for more crypto updates.