NEO, another one of the strongest altcoins within the cryptocurrency markets, have broken out and is now trading in a new uptrend.
We can ride this uptrend all the way to the top, for as long as it goes, and collect profits along the way.
Let's take a look at the NEOBTC pair on Binance and see how we can profit from buying and selling this coin.
NEO Trade Analysis by Alan Masters
CHARTS, SIGNALS & INDICATORS
Daily chart:
- Bullish signals all over this chart, coming out of each indicator. - The SMA20 (green) line crossed the SMA200 (brown). This can represent the beginning of upward action. - Strong bullish candle yesterday. After consolidation, we can expect another strong breakout. - The weekly chart is also becoming positive. After weeks of retrace, we are now looking to go up.
Note: If the trade goes bad, the price level above is where you stop your loss.
Trade strategy: Aim for profits. Don't mind waiting if the trade takes time to develop. Any and every trade can take a few hours to start moving just as it can take few days or even weeks. Some long term trades can take months... That's how it all works.
Namaste.
Nota
Consolidating / accumulating.
Please allow time for this trade to develop. This is a massive coin.
Feel free to buy in, rebuy and reload.
Trade attivo
We just hit our first target. NEO is now moving up strong.
Here is the chart:
Enjoy...
Namaste.
Nota
We are holding until Bitcoin calms down and the alts decide to continue their climb up. It is a very simple wait.
You can sell when the alts go up, and rebuy and reload when they go down. Pretty simple.
Thanks a lot for your continued support.
Nota
We should see good action for this and many of our other Altcoins after the Consensus 2018 (May 14-16).
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