Trade Recommendation: NEO | Hacked: Hacking Finance
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Analysis

Trade Recommendation: NEO

Posted on .

Trade Recommendation: NEO

Introduction

This article was posted on Wednesday, 11:52, UTC.

Based on the 4H chart, we can draw a reversal chart pattern like a double bottom. It’s a signal that the market is going to continue the previous uptrend. Pending orders for buy should be placed above the local swing high at 41.50 level. Stop orders must be below 30.00 level. Profit targets should be at 52.50 and 60.00 levels. Also the part of long positions can be left for long run. If you don’t use leverage, recommended trading volume for this trade is up to 5% from your deposit.

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Buy: 41.50
Stop: 29.90
Profit Targets: 52.50 and 60.00

The trading signal is based on Bittrex chart.

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Dmitriy Lavrov

Dmitriy Lavrov

Dmitriy Lavrov is a professional trader, technical analyst and money manager with 10 years trading experience. The main covered markets are Forex, Commodity, Cryptocurrency. Provides personal education for those who are interested in profitable trading. Entries in TOP 10 among TradingView authors.

Comments
  • user

    AUTHOR Silooy

    Posted on 1:51 pm August 23, 2017.

    Again made some profit 🙂

  • user

    AUTHOR nsmith

    Posted on 5:31 pm August 23, 2017.

    i’m really happy so far that i found you guys. i made the dive into NEO a couple weeks ago. I planned to put it away and never look at it.. then i started analyzing the market a little. i started buy/sell patterns based on the upward sine wave pattern. i never lost but i was making 6% position bets at a time.. that was all fun and good until it dove at .0087. i decided i needed to be doing a lot more research to maximize altcoin potential. i first saw your another hacked article last weekend forecasting the dive to the previous baseline. i wasn’t willing to take that loss.. so i kept it. then u put out this signal for NEO.. i wish there was more precise analysis of all crypto.. but at least i have a better idea or what kind of swings to expect! look forward to more research and analysis on lower volume penny cryptos.. it seems like a good idea to distribute a reasonable percentage of total investment in well priced (bottomed out) crypto that trades with lower volume.. u guys r awesome!

  • user

    AUTHOR gonino11

    Posted on 8:39 pm August 23, 2017.

    NEO went down..

    • user

      AUTHOR Dmitriy Lavrov

      Posted on 9:30 pm August 24, 2017.

      In long term the market is bullish

      • user

        AUTHOR Namkyue Kang

        Posted on 2:11 am August 25, 2017.

        Generally, how long is long term?

        • user

          AUTHOR tl.93

          Posted on 5:52 pm August 27, 2017.

          Generally, my long positions get closed out within 2 weeks of buy signal, but that all depends on your trading strategy and profit targets.

          • user

            AUTHOR Namkyue Kang

            Posted on 1:00 pm August 28, 2017.

            Thank you!

  • user

    AUTHOR fidoba

    Posted on 5:11 pm August 29, 2017.

    Hey! Can we get an update? Is this trade closed?

  • View Comments (8) ...
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