NEO breakout incoming
hi guys,
NEO is forming a very nice pattern here. The price is already going up towards the resistance, the stoch- and the rsi are in our favour.
I think there are two possible outcomes here:
option 1; NEO will rise and breakout. If so our target wille be $51.
option 2; NEO will meet resistance and be pushed down again towards $34. hopefully we will meet support here and be pushed back to the resistance and than breakout. In this case our target will be $49.
i think option 1 is the most likely to become reality. Pay good attention when we meet the resistance, if we do not break the resistance you can make some profit by selling.
please leave a like if you agree with my idea and post a comment if you think i made a mistake :)
disclaimer: all of this is my opinion, do not take this as financial advice.
NEO is forming a very nice pattern here. The price is already going up towards the resistance, the stoch- and the rsi are in our favour.
I think there are two possible outcomes here:
option 1; NEO will rise and breakout. If so our target wille be $51.
option 2; NEO will meet resistance and be pushed down again towards $34. hopefully we will meet support here and be pushed back to the resistance and than breakout. In this case our target will be $49.
i think option 1 is the most likely to become reality. Pay good attention when we meet the resistance, if we do not break the resistance you can make some profit by selling.
please leave a like if you agree with my idea and post a comment if you think i made a mistake :)
disclaimer: all of this is my opinion, do not take this as financial advice.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.