Accumulating Altcoins Part III: NEO (NEO/BTC)
Diupdate
NEO is down 55% from its last ATH. That's quite a drop.Like last 2 charts this is a good opportunity to start accumulating.
For the new people here: NEO and all other alts except for a few don't show ANY signs of a bull trend. All of them are in a bear trend according to Ichimoku (the best indicator to determine trends). However, this is a good opportunity to start accumulating your coins - allocate a certain % of your portfolio to the biggest losers in crypto and you won't regret it.
I did this back in November and December and had 1000% ROI on 10 different tokens and coins. BTC is swinging and is also in a bear phase, sats are becoming cheaper by the day. Unlike back in November and December, when BTC rallied and caused alts to drop significantly in sat value.
Buy, set and forget.
Cautious traders: STOP LOSS at the last fracal on the chart: 0.006800 BTC
For the new people here: NEO and all other alts except for a few don't show ANY signs of a bull trend. All of them are in a bear trend according to Ichimoku (the best indicator to determine trends). However, this is a good opportunity to start accumulating your coins - allocate a certain % of your portfolio to the biggest losers in crypto and you won't regret it.
I did this back in November and December and had 1000% ROI on 10 different tokens and coins. BTC is swinging and is also in a bear phase, sats are becoming cheaper by the day. Unlike back in November and December, when BTC rallied and caused alts to drop significantly in sat value.
Buy, set and forget.
Cautious traders: STOP LOSS at the last fracal on the chart: 0.006800 BTC
Trade aktif
NEO has increased by a nice percentage since my first call (see above). Remember to hold medium term. Alt season will start soon.It broke through its first major resistance, the Tenkan Sen, then bounced off of the Cloud which is another resistance area that hasn't been broken yet and then bounced back off the Tenkan Sen which is now a major support level.
STOP LOSS at the Tenkan Sen: 0.007836
First major support level is the cloud again, around 0.00843.
A daily candle close in the cloud could be your entry. Overall the NEO chart doesn't show any signs of trend reversal. Lagging span is still below the price, no TK cross in the near future etc.
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