Interesting discussion guys. I will just want to add my two cents on this. So far NEO is going down because of the chart pattern, most of the ascending channel will resolve on the down side and that is that.
A coin will go against patterns if it's pumped like BCH was two days ago, and NEO is not really right now, just a normal business day.
As per your comparison with IOTA and Link, @ashrafkotb is right, the circulating supply influence a lot the price and for IOTA to get at $10 would require a huge market cap but NEO with smaller supply is 30 times higher in part because of that.
zhongzhyu
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When you say trade closed, do you mean you have closed your position? Where do you expect to be the new entry plz?
UnknownUnicorn1413254
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When I hit my target I close the trade, wait for a retracement (0.5 or 0.618 fibonacci levels) and buy back in. That's my personal way of trading. So what I did this trade. I sold at 47usd and bought back at 42.4usd.
Always remember after a wave up you get a wave down.
zhongzhyu
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@CryptoPredictions, Then why did you stop at 41? There is 38 which is the 0.382 support line.