giant wedge on the weekly chart get ready for something huge
bounced off support 2 times, now with btc recovering we may see 2 targets hit
BITFINEX:NEOUSD This is a small long position on neo usd we are taking. Go long after confirmation of a breakout above the bull flag. Target indicated on the picture below next fib level. Since its a small position, we will average down in case of a dump, or you can set a stop loss as indicated on the chart.
Entry 0.003015 Stoploss 0.002881 (-4.44%) Target 0.004024 (+33.47%) Risk Reward 7.53 Disclaimer, my post are my own ideas, not financial advice.
NEO is down to around $26 and it is now on a new all time low from November 2017. 4 hour RSI is showing a bullish divergence which is a strong reversal sign. It has a huge potential to shoot right back up to $90 range which is aroun 250% profit. My play would be to start laddering my positions (Buying in small chunks). If you want more conformation you can wait...
dont sell your house or kidney but if you are left with CASH buy some NEO in your Long Term Portfolio on dips if any
not a financial advice for educational purposes Added more NEO via current zone my LONG LONG term holdings I have no stop loss whether it dropped 30% or 50% I'm taking a break even on my dollar investment once it hits .618 near the 100 dollar figure and leaving the rest running to an ATH whether this takes 1 week or 3 years, I'm just hodling =] but also I'm not...
the trend is bearish. You can see my disassembly of the structure of the NEO. At this point, you should be careful. We have a bullish divergence of the higher order and a strong oversold of the same order in favour of longs. From the point of view of my analysis, use limit orders in 2 zones. In the 2nd area he'll definitely rebound, as there is a strong volume...
Enter 1: 38$ Enter 2: 42$ Stop: 35.4$ Take profit: 55$ Take profit: 78$
NEO gave a green 2 according to Tom Demark count on the weekly chart. This is a clear long signal for a long term trade. We can have up to 7 weeks of uptrend according to Tom Demark. Stoch RSI is oversold which also confirms the possible bull trend. On the daily chart it is green 4 with a overbought Stoch RSI. This means short term retracements are possible. I...
My vision - descending triangle. I expect growth because the is oversold on STOCH-RSI. But it is triangle - bilateral pattern
I see falling wedge, and expect rise. let's see...