The price of NEO bounces from the support zone formed by SMA50, the uptrend line and SMA100. RSI confirms price reversal and MACD supports possible upward movement. DMI gives the signal. Possible bull run to become stronger.
This trading idea is stems only on a breakout above the previous highs, with continuation of the uptrend, of coarse.
Suggested Entry level is 142.00 place your stop orders at $132.00ish level. Set Profit targets to $154.00 and 170.00 (conservatively) resistance levels.
IF the price of NEO breaks the uptrend line,. NO Dice,(false breakout) and we’ll delete the buy orders and wait for the next trading opportunity.
*There Will Always be ‘the next opportunity’*
Cryptocurrency Exchange: Bittrex
Buy: 142.00 // Stop-Loss: 132.00 // Take-Profit: 154.00 / 170.00
Cryptocurrency Exchange: Binance
Buy: 143.50 // Stop-Loss: 133.00 // Take-Profit: 154.00 / 170.00
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