NEO is poised to enter the daily cloud which could push price up to around +50% from current entry.
Bullish continuation pattern + cloud metrics = confluence on high time frame. Very clean setup compared to many.
Bullish continuation pattern + cloud metrics = confluence on high time frame. Very clean setup compared to many.
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Trade becomes invalidated if the pennant structure fails if curious about stops.
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BTC looking like it may revisit 8800. since we are trading on a USD pairing, ideal entry for NEO would be during a BTC red candle to 8800. This will also help mitigate risk of the pennant breaking due to fear of BTC dump. Patience!
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Pennant structure is not holding, but neo is respecting the kijun. Will update the buy zone to reflect my recent comments on optimal entry being when btc approaches 9k.
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stops below current price