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NEO / Bitcoin
Long
Updated

NEO/BTC looking for a breakout: 50% profit, excellent R/R

580
Looking very bullish, close to a breakout from 2-year trendline, should go to at least .0016. If it breaks above that, we could see a repetition of OMG/BTC.

The rest is self-explanatory.
Note
Added another horizontal line to show why there is such big resistance at .0016-17

snapshot
Note
Getting very close now. Expect to first break into the red ichimoku cloud, then hit the top of the ichimoku cloud, then reach the top trendline, with retests at every step of the way.

TP1 .00129
TP2 .00149
TP3 .00169
TP4 .MOON
Note
Here we go, moment of truth:

snapshot
Note
A definite setback with BTCs rapid rise. Everything depends on what BTC does next, but here are the areas to look for.

snapshot
Note
Right as expected. You're welcome.

snapshot
EuroDale
Also on:
Chart PatternsNEOBTCTrend Analysis

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Chart PatternsNEOBTCTrend Analysis
EuroDale
Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.