Coin Calls: NEO
NEO following our Free Friday call went from $25 to $40 over the course of two weeks. Since Bitcoin decreased over the past 2 Weeks, NEO’s volume also decreased during the same time, seeing a further 40% devaluation.
As a result, Nouvive has identified the perfect opportunity to enter into a long that would net the investor a 29% profit in 4 weeks.
The investor would be entering just above the 0.382 fibonnaci line (the green box) that has shown a historic support since Early January 2018. The take profit line would be at the Fib 0.618 line, an area used in early July as both a support and a resistance.
Enter buy 50%: 0.003800
Enter buy 50%: 0.003600
Take Profit 100%: 0.004729
Profit: 29% – Move Stop Losses up whenever in profit
Stop Loss: 0.003506
Time Line: 4 Weeks
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