Long on NEO if it drops to 37.50

NEO made a spike up yesterday, after this it was making a H&S drop back again, but it stayed above the neck (red) line. I have seen this many times already, this H&S gets turned into en bullish flag. So ideal if it drops to around 37,50 and to start buying from that point on. Target is around 42/43. You can put a short stop at 36,5 or at 35 where there is a strong suypport

Commentaire:

I am long at 37.6, it is looking good now. The breakout has to be with some volume.

This was my comment below to one of the members here:

Yes it is, it is a bit less strong than i had hoped, because it did not push right through 40. Now it seems to be making a bigger horizontal consilidation. It could still drop to around 37.5/38 again. However the target now if it breaks upwards the target is 42.5 and second is 45.

Perfect drop back and very good at 37.50. If it breaks out above 40, i expect 44 to get reached

Commentaire:

And the breakout is there with some volume, not 100% convincing but the start is there. It should stay above 39.5. Already a nice profit. I have put my stop around my entry level for a free trade :)

Commentaire:

That damn Bitcoin, if it would have waited a few hours with that big drop, NEO would have probably reached 44. It stayed above the 37.50 where i had moved my stop to, still looking strong. Lets see if this last pattern is a bearish flag or an upwards triangle.