Hello Guys,
NEO is actually a hidden gem. You might think, is 1000%+ possible? Yes, we had 2000% run up in past 6-7 months. Currently sitting at 8th position in Coinmarketcap.
Many Investor call, NEO as Ethereum of China. Same like Ethereum, Neo is focued on smart contract and decentralized application. Also, compared to other coins, there are less haters towards this coin (correct me if I am wrong)
Coming to Technical Side, Currently MACD crossover, Histogram and RSI showing Uptrend (Reversal in price happened couple of days back). Between, 100 and 200 MA where the reversal happened. Now, we are in short term uptrend (easy to break and go Bullish pretty soon).
Buy Zone: 112$ - 132$ (If you got it less than that. Awesome!)
Target 1 : 173$ (50% profit)
Target 2 : 233$ (100% profit) (New ATH)
Target 3 : 462$ (300% profit)
Target 4 : 693$ (500% profit)
Target 5 : 976$ (750% profit)
Target 6 : 1251$ (1000% profit)
Stop Loss: 90$
Short and Mid term for Target 1 and 2. Long Term hodl coin for Target 3 and above.
Note: Don't forget to put stop loss.
It's all matter how long you are ready to wait and how much profit is your target. It's just my opinion.
Buy and Hodl. Happy Investing!
If you are NEO lover/Holder like me, Thumbs up.
Thanks!
Srinath
NEO is actually a hidden gem. You might think, is 1000%+ possible? Yes, we had 2000% run up in past 6-7 months. Currently sitting at 8th position in Coinmarketcap.
Many Investor call, NEO as Ethereum of China. Same like Ethereum, Neo is focued on smart contract and decentralized application. Also, compared to other coins, there are less haters towards this coin (correct me if I am wrong)
Coming to Technical Side, Currently MACD crossover, Histogram and RSI showing Uptrend (Reversal in price happened couple of days back). Between, 100 and 200 MA where the reversal happened. Now, we are in short term uptrend (easy to break and go Bullish pretty soon).
Buy Zone: 112$ - 132$ (If you got it less than that. Awesome!)
Target 1 : 173$ (50% profit)
Target 2 : 233$ (100% profit) (New ATH)
Target 3 : 462$ (300% profit)
Target 4 : 693$ (500% profit)
Target 5 : 976$ (750% profit)
Target 6 : 1251$ (1000% profit)
Stop Loss: 90$
Short and Mid term for Target 1 and 2. Long Term hodl coin for Target 3 and above.
Note: Don't forget to put stop loss.
It's all matter how long you are ready to wait and how much profit is your target. It's just my opinion.
Buy and Hodl. Happy Investing!
If you are NEO lover/Holder like me, Thumbs up.
Thanks!
Srinath
Comment:
we crossed our buying zone. Still if you are going for long from now then you may consider buying even at this range.
Comment:
We broke our downtrend channel in NEO. Just need to cross one or two resistance. Then sky is the limit.