NEO Technical Analysis for Steem Community- NEOUSD - 63%-443% Profit Expected
BIG Trade Coming For NEO...4x - 5x Gains Expected.
Based on AB=CD pattern , Time Ratio & Gann Analysis, It's a potential long position with great returns :)
In a lower time-frame (4hrs) this long position has also been confirmed.
For Bigger Time-Frame
Target Profit Range - 13 - 32
(63%-443% Profit Expected)
TP - 1 - 13
TP - 2 - 17
TP - 3 - 20
TP - 4 - 24
TP - 5 - 28
TP - 6 - 32
Buying Zone! Long Position
Early Entry Trigger Point - 6 - 8
Ideal Entry Trigger Point - 4 - 6
***If you want to get in this trade from this point 11 you can still make 18% profit till TP1 is reached. There is a very high probability that price may continue to move upwards before it moves downwards towards my ideal entry point., It is recommended to enter with a smaller lot size if you want to go long right away & manage your stop loss accordingly.
Short-term Trade- 1hr- chart
I see a possible move going upwards and may hit $13 or it can even touch $17 mark that's why I have mentioned the points in a chart for a short-term long position too. As it's a short term risky trade, it is highly recommended to enter with a smaller lot size if you want to go long right away & manage your stop loss accordingly.
Good Luck.!
Disclaimer - This is not financial advice. This is my personal view and analysis of this chart.
If you follow this idea please plan your trade according to your lot size and account equity.
Don't forget to upvote, comment & follow, If you agree with my analysis :)