Last week I posted . That idea gave me a nice profit off almost 100%. This weekend my eyes are on NEO and China! I expect the same result :) Buying at 37 USD, selling at 88USD for a profit of 138%.
If this will be a repeat of the SWELL conference with Ripple, time will telll, but I feel that risk/reward is good enough to enter this trade. The chinese goverments eyes is on crypto, and that may turn into incredible news for NEO.
The chinese are still very important in cryptocurrency, and NEO should be in your portfolio for the long term.
Technical
I expect to hit the 1.618 fib and complete an Elliot Wave within the channel in my pitchfork, depending on what we get out of the conference obviously. When you trade you need to be open to everything can happen, and adjust your mindset when things do happen. But at this moment I believe what I have drawn will unfold. Time will show, and I'll try to update this along the way. If this trade goes the wrong way, I am looking at that trendline. If it breaks, I am getting out.
Numbers
Buy: 37USD
First Sell: 88USD
Second Sell: 139USD
Stop Loss: Below Trendline
评论
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Well.. We didnt get any huge news from the conference. But that was always more likely.
Position is still in green, and NEO is definitely something that should have a place in your crypto portfolio. I am still holding this position and will only get out if the trendline breaks.
评论
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Giving that trendline a go today when market is correcting. Probably wont hold but NEO is a good one long term so I am just going to hold on to it, as I am mainly in cash and out of most coins today.
交易结束：到达目标
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Forgot to update this! But as seen on my spreadsheet, I closed this trade at 74 USD. Up 100% exactly :)
@Kryptokelly, Aghhh, I am far too impatient, even with my own TA! Luckily I still kept a modest bag of NEO : )
TheMehranKhan
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Should i buy now ? 30USD
Kryptokelly
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@mehranmohammadi, Nah, this is uncertain times. I would put in an order at 16 USD. Maybe it hits, maybe not, but I think there is to much risk buying now :)
TheMehranKhan
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@Kryptokelly, 16USD buy then, if we are lucky we hit the price.