hollandrisley
做多

Bull flag and ascending parallel triangle

BITFINEX:NEOUSD   NEO / Dollar
I can see a large ascending parallel triangle that has built over the last 7 days. Buy on breakout above $38. Be aware that often in this type of breakout we may come back down to test the upper trend line of the triangle after the breakout. The height of the triangle takes us to our target 2.

Also there is a large bull flag forming which is another strong pattern and we would look to see a break up above the upper trend line before buying at around $38. The height of the flag pole takes us to to our target 1.

Target 1 - $49.5
Target 2 - $55.00
SL: $32.5

Happy trading!
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