Make it or Break it NEO! Cup & Handle: Target ~$177NEO still has a shot at turning today around.
INVALIDATION: 4H Close below $100
CONFIRMATION: Close above $125
Target: $175
Like all technical indicators, the cup and handle should be used in concert with other signals and indicators before making a trading decision. This is merely one idea for your consideration.
Disagree with this idea?
Feel free to let me know your criticisms in the comments
WAGMI
NEOUST trade ideas
NEO Intraday analysis 10/05/2021Neo as per previous post which is linked below, completed a break from a cup and handle consolidation and wave iv completion would send us towards targets of $170-$200 where resistance areas exist as well as fib extensions. Previous post shows the long term count of NEO which complements the shorter time frame analysis discussed in this idea; we currently build in this wave v of the micro wave 5 and seem to have completed a wave 2 rounding out bottom at strong support orderblock which was resistance at 111$ which can give us the momentum to see higher prices in a current micro wave 3 and 5 yet to be done. We see historic laggers in the last year are starting to move much more aggressively as they start to get moving higher. Neo in comparison to other alts has not had the same enormous yearly gains but is now starting to move more aggressively and will move strongly over coming months as per the long term wave count on my previous post.
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