It has been almost 5 weeks in the current "range" it is trading it.
From the (white), it looks like it is running out of space.
I'm buying below $28, setting trailing losses 5% below bottom uptrend line (white), and letting it ride, as I believe it is very realistic for NEO to reach $100+ by early / mid next year.
Short term targets are $50-55 and $75-80
Risk:reward looks very favorable
it is currently trading at $33 and moving towards $40.
Now moving to $50.
I think there could be a pullback to 30s where it will pick up buyer momentum before takes off to 60+70s
I also think we can reach $50+ before that pullback, I am just taking 50% of profit to be safe.
This coin is in my core holdings and I see it going $100-$200 in 2018.
25+ ICO's on neo + china uplift "ban" = $500+ easy
Let's see how it plays out, I'm holding 50% of position from this trade.
Thank you for your comment.