TheCryptoLabs
Panjang

NOEUSD Medium Term Outlook

BITFINEX:NEOUSD   NEO / Dollar
It looks like NEO has been in consolidation for far too long.

It has been almost 5 weeks in the current "range" it is trading it.

From the trend lines (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
Komen: Anyone who bought at $27-$28 like I recommended should be at least 15% up.

it is currently trading at $33 and moving towards $40.
Komen: $40 broken, $45 achieved.

Now moving to $50.
Perdagangan ditutup secara manual: closed 50% of this position.

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.
Komen: disregard last comment, new target $750-$1000 in 2018.

25+ ICO's on neo + china uplift "ban" = $500+ easy
Great call! $50-55 seems attainable this weekend!
Balas
TheCryptoLabs PRO ManuelVilhena
@ManuelVilhena, Absolutely.

Let's see how it plays out, I'm holding 50% of position from this trade.

Thank you for your comment.
Balas
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