These weekly charts are amazing - I hope you're all benefiting from this amazing alt-season. During mid-December the above idea was posted for Funfair, which still has some legs on it to get to the previous all time high. The same thing is happening all over again with Neo Gas. An easy 1000% upside to be had here as price action starts the journey to the previous high of $70.
The weekly chart below for Neo Gas is a copy of the Funfair at the time I went long. Conditions:
1) Past weekly resistance becomes support.
2) Price action closed a candle body above the 21-week & 50-week EMA.
Trade active
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A number of bullish indicators occurring on the weekly chart:
1) Price action is testing past resistance as support
2) RSI forming a bullish falling wedge formation on support (circled in orange).
3) Price action is on the 21-week EMA Bull market support