Based on Fibonacci, target for leg 3 would be the blue box where we are right now. If (a big IF) we retrace from here, it could go back to (4) for a next leg up.
All indicators show overbought and retrace possible (indicators are not leading for me, just a tool).
Don't get caught in the hype! Trade what you see, not what you think. Use proper risk management with these kind of pumps.....
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I'm detetcting a trend reversal pattern right now. Lets see
NEO went parabolic....Lets wait till it gets a bit more settled amd see if I can detect a pattern.
NEO broke out of the channel, retested that trendline and looks to me as it goes testing again. Currently I'm detecting a bullish pattern, depending on the strength we can see a further retrace to the blue box or a bounce from the trendline.
Watch priceaction near trendline, a strong bullish candle is a buy signal.
Left Neo way too early to take profits and could only watch the rise from the side lines.
This pump is out of this world.
Could we see something similar as in June when ANS went from 0,0007 to 0,0054 and down to 0,0017. That was the 78,6 line.
78,6 would mean around 0,0038 now.
Does the fact that a lot of new investors are in this coin play any role at all or is this irrelevant?
Thank you again for your analysis.
Q: Trading exchange question. Will Neo be available listed in Japanes exchange?
A: We would like to. Please write to those exchanges requesting Neo as it is not entirely up to us.
And don't forget: I trade on breakouts, not just jumping in a trade. Trade what you see, not what you think