TradingView
EuroDale
May 25, 2020 8:28 AM

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

NEO / BitcoinBinance

Description

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.

Comment

Added another horizontal line to show why there is such big resistance at .0016-17

Comment

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

Comment

Here we go, moment of truth:

Comment

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

Comment

Right as expected. You're welcome.

More