NEO/USD Golden chance

5 Ogo 2018

NEO is down to around $26 and it is now on a new all time low from November 2017.
4 hour RSI is showing a bullish divergence which is a strong reversal sign.
It has a huge potential to shoot right back up to $90 range which is aroun 250% profit.

My play would be to start laddering my positions (Buying in small chunks).
If you want more conformation you can wait for it to break out of the resistance line around $30 and then enter.
Stop loss would be when 4 hour RSI break down it's bullish divergence.

Happy Hunting
If you have any questions feel free to ask them in comments.


Note:- This is not a financial advise.

21 Ogo 2018

Dagangan ditutup secara manual

As I mentioned stop loss triggered around $24 when RSI breaks its divergence.
If you played more risky trade you would had stopped around $21.

For now, NEO is in uncharted territory
Temporary support around $15 and temporary resistance around $21.
But the volume is starting to increase.
In my opinion NEO will hover in $10-$20 range until and unless we have some bullish news on bitcoin. Hope fully it will hold above $10 (if BTC holds 4.5k)

CAUTION - it doesn't matter how good is an alt coin, in the current market BTC is the king. So if BTC is bearish expect all alts to be bearish.

Stay out & stay safe if you are a new day trader.

If you are a long term holder keep buying at every $5 dips you will thank me later.
Neo is one of the biggest Chinese alt coin project out there. When BTC hits 20k NEO hit $200. Now imagine the possibilities that you buy NEO at $20 and it hit $400 ?
You know it is bound to happen. But yeah, that will take a lot of patience.

Stay strong, if you are already down 80% there is no point selling it now because no one can predict the bottom