Neo testing previous USD high, 300% gains v bitcoin possible
Neo has recently retested it previous dollar all time high(around $85) which it first hit this past summer. This is a good indicator of its recent bullish behavior, along with that Neo has entered into the daily Ichimoku cloud v bitcoin(adjusted setting 20,60,120,30 to account for 24/7 cypto market rather than monday to friday stocks and then settings doubled to reduce noise from signals.) which is a trigger for an edge to edge trade. Other bullish signs are tk cross, the tenkn(blue) crossing over the kijun(red line). The cloud also seems to be thinning and moving towards a kumo tiwst although still quite thick, and the lagging is above price and it is in the cloud. All early but good signs for bullish momentum.
Neo ratio v bitcoin(Which is what we want to accumulate) can go approximately 300% from here to its previous all time high ratio, and may even surpass. first target though will be the top of the cloud which align nicely with previous price sturctuyre resitance and with stop set a little blow the cloud. These give a nice risk to reward ratio of 5:1.
Entry- 0.005674
Target 1- 0.00865(52%)
Stoploss(0.0051)(-3.3%)
Neo ratio v bitcoin(Which is what we want to accumulate) can go approximately 300% from here to its previous all time high ratio, and may even surpass. first target though will be the top of the cloud which align nicely with previous price sturctuyre resitance and with stop set a little blow the cloud. These give a nice risk to reward ratio of 5:1.
Entry- 0.005674
Target 1- 0.00865(52%)
Stoploss(0.0051)(-3.3%)