NEO USDT is moving up in a channel and have formed a symmetrical triangle in the lower time frames. Target: upper part of the channel (about 15.30) if breaking up. 10% move approximately. Wait for the break out of the triangle if do not want to gamble
Trade active
Bouncing up from lower part of triangleTrade active
Triangle breaking downTrade active
Triangle broke to the down side. Target still to be reachNote
The break to the down site can be considered complete, as for the triangle actio. There is a support line the price has bounce from three times. Any other descending may not be attributable to the triangle.
Closing the trade here
Note
Beyond triangle forces...BTC Dumped and NEO (and alts) followed downTrade closed: target reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.