0.00814 could be the first TP target. If buying demand is still strong NEO could reach at the top of the trendline.
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Updating the chart with 2 targets for taking profit
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We're near the first lap.
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headshot! could consolidate a while before moving up again.
交易結束：目標達成
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Seems to me that this is the end of the rally. That long wick in that encircled candlestick looks very bad. It's also backed by a huge selling volume.
Correction targets
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Be careful of NEO as it could be in it's final wave. However, if buying pressure cannot be stopped, then it could still go higher. I suggest watching the price action to know where it will go next.
@RafalMorawski, Pls see the update above. I just updated the idea. :)
setsuna313
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What about after TP2 level? Keep going or another correction? If it gets correction, how much that would be? Neo seems very strong nowadays.
Thanks for the analysis and charts.
clydeuscope
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@setsuna313, If buying pressure is still very strong, then TP2 can be achieved. But looking at the candlesticks in the last few hours, there's an immense selling pressure that's going on. That is confirmed by the DMI. I'm also waiting for another selling confirmation when it breaks the uptrend slope (thin yellow line below)
as for the correction, I've updated my idea. Please see the latest update above.
setsuna313
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@clydeuscope, Thank you very much for the detailed analysis. I am new to TA but yours are very very informative.
clydeuscope
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@setsuna313, you're welcome! Feel free to discuss anything here. :)
setsuna313
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@clydeuscope, Looks like your first anaylsis hold true for TP2 as NEO already around 0,0091-0,0092 at Bittrex.