After a strong rally from last week across the market, we expect now a pullback from a lot of cryptos. For NEOUSD, seems we might be forming an inverse H&S over the coming days if this pullback does happen. Expected buy zone/spike at $50 - $65. Potential H&S target at $120 - $140. Over the weekly NEO graph though, we are expecting a bullish MACD crossover, so the right shoulder might not even be below $65 or even $70.
Please have a look at my chart too, feedback is appreciated.
jayandrae
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@imfamousrajat, completely agree :) We just got rejected from 96 which aligns to the general downtrend line for NEO for now. For me as a long term NEO holder, a price point below 200 or even 100/120 is already discounted.
johntradingwick
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@jayandrae, What is your strategy now? How much do you think can we hit in short term like a period of 2-3 days?
Bitwet
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Love your chart .
Ronnie_Dong
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I like your chart,I couldn't agree with you more.
Follow me.
We can do more discussion,
and you can refer to my publish.
Please have a look at my chart too, feedback is appreciated.