Neo is building up momentum for a breakout

17 Ara 2017

Target; 0.0045 , which is the Daily 200 moving average.

Interim targets are 0.0031 and 0.0036

For this to happen we need to close and hold above the hourly 20 moving average at 0.002645

Stops can be kept relatively tight around 0.002525

BTC/USD rallies are the most likely cause of failed attempts at breaking resistance.

If we don't break out now, we will be retesting the 200MA at 0.002495

17 Ara 2017

Not

Well, 0.002525 is very close for a stop. 0.00247 would be below the hourly 200 - a more solid signal, and still a good close stop if you're buying in on a pullback that fits your timeframe.

Feel free to wait for it to break above .00265, come back down to it for a retest and then buy the bullish continuation from there. There is a good chance it will retest the bullish trendline somewhere between 265 and 280 before rallying in the direction of our targets.