This high consolidation is strong. NEO is a very compelling dapp platform.
Using Elliot Wave, it seems to have completed a double combo flat corrective wave.
It could continue to consolidate (make a triple), or fail (like ICX), or whatever the hell it wants. But a breakout should be bought.
Currently long but not really interested in trading. I may even sell it here at the top of the rectangle if something else interests me more / breaks out first (watching ZCL)
Best long trade: Watch for a breakout and wait for a backtest for a safer trade. In that case, a chance it runs away. Welcome to trading.
Using Elliot Wave, it seems to have completed a double combo flat corrective wave.
It could continue to consolidate (make a triple), or fail (like ICX), or whatever the hell it wants. But a breakout should be bought.
Currently long but not really interested in trading. I may even sell it here at the top of the rectangle if something else interests me more / breaks out first (watching ZCL)
Best long trade: Watch for a breakout and wait for a backtest for a safer trade. In that case, a chance it runs away. Welcome to trading.