could Neo break-out?

9 Jul 2018

hi guys,

at thirst I thought that NEO would go down towards the 30-zone, however NEO found support and went slightly up again.

I think we can see a cup and handle being formed here, meaning we could make some money.


just sharing my point of view, let me know what you think and if I'm right to not :3

10 Jul 2018

Catatan

So far so good,

the price went down and is finding support at around $34,50. It is still looking like an cup and handle and i think we will bounce of the support today and hopefully break through.

10 Jul 2018

Catatan

I forgot to mension this in my previous comment but the rsi and the stoch rsi are looking very good also, increasing the odds of bouncing of the support.

Anyway, good luck trading here, could make some nice profit today

11 Jul 2018

Catatan

It is getting quite tense now, I’m still sticking to the cup amd handle. I think we are going to bounce and go up a few dollars. However, if NEO breaks the support of the handle and go down beyond $32 we are quite screwed.

It might look like we already broke the support if you look at my graph but we didnt, I just did a bad job placing the handle (i dont know how to update my idea with a graph).

So we are still within the handle, we just gotta hodl now.