Hello everyone, hope you are having an awesome weekend. Today we took a quick glance at NEO. The main takeaway here is that NEO is approaching a hard support level and we can expect a wedge breakout to happen shortly.
NEO is approaching the 0.236 fib level that is around $55. We expect NEO to drop just below and hit a long-term support level around $45. From here let us watch to see how NEO reacts. If NEO breaks out of the wedge then our levels for profit taking are around $90 and $132.
NEO is one to keep an eye on. We at Digital Alpha keep mentioning this is dependent on BTC breaking its bear trend next week. Let us keep our fingers crossed.
Take care everybody and Happy St. Pats.
- DA Bull
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As always - DYOR
Digital Alpha is not a licensed financial planner, financial advisor, stock broker, investment broker, or investment advisor. Before making any trades, check with a financial planner, investment advisor, tax advisor, or anyone else that controls your finances to make sure trading is right for you. The information provided here should not be construed as individual investment advice. All information presented on this site is the opinion of the author only and is not a solicitation to buy, sell, or hold any investment or security of any kind.
NEO is approaching the 0.236 fib level that is around $55. We expect NEO to drop just below and hit a long-term support level around $45. From here let us watch to see how NEO reacts. If NEO breaks out of the wedge then our levels for profit taking are around $90 and $132.
NEO is one to keep an eye on. We at Digital Alpha keep mentioning this is dependent on BTC breaking its bear trend next week. Let us keep our fingers crossed.
Take care everybody and Happy St. Pats.
- DA Bull
-----
As always - DYOR
Digital Alpha is not a licensed financial planner, financial advisor, stock broker, investment broker, or investment advisor. Before making any trades, check with a financial planner, investment advisor, tax advisor, or anyone else that controls your finances to make sure trading is right for you. The information provided here should not be construed as individual investment advice. All information presented on this site is the opinion of the author only and is not a solicitation to buy, sell, or hold any investment or security of any kind.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.