webmonkey
Panjang

Rising Triangle - Breakout 18/12/2017?

BITFINEX:NEOUSD   NEO / Dollar
224 0 1
Rising triangle forming on NEO USD at the moment with an upward breakout expected before 18th Dec hopefully.

I've had a position open for a few days now, but it's looking likely to make the move in a few days. The Hourly RSI is in a position for upward movement, the daily RSI has just dipped below 70 so there should be room there too.

I like to keep things simple, but hopefully this isn't an overly simplistic look at this coin. Overall news about this one is positive and could also be in a position for CoinBase announcement of ALTs in the new year. However I think the safer bets for that are BCH and XRP. Any ALT listed should get a boost from their enormous userbase.

So I'm feeling positive about NEO for some upward movement. My overall strategy is to book some profit on this coin then move it over to Ripple, hopefully in time for the announcement of CoinBase listing!

Comments/questions welcome.
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This is not investment advice Do your own research and only trade with what you're prepared to lose.
Komen: Well that was sooner than expected! Breakout confirmed.

I’ll be looking to sell 100% of my holdings at about $70 ( just below a fib extension) and move it over to Ripple XRP in anticipation of the coinbase news.
Komen: The fibs don't lie. My sell order was executed at the $70 mark and price action has paused for a few hours at $70 region now.

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