CincyONU

Potential $NEBL Move

BINANCE:NEBLBTC   Neblio / Bitcoin
$NEBL still trying to break out of a larger descending triangle (orange line). Moved up overnight and then formed a symmetrical triangle with lower highs and higher lows and lower volume . This can potentially break either direction. Normally I'd lean towards a continuation upward but I wouldn't be surprised if it fails given the recent attempts. We'll know soon.
Comment: Exactly why you have to prepare for a move either way with this pattern. Would be easy to blame on BTC price action but you could see it was falling that way the 30 mins prior. It was still running down along the trendline and the low volume meant it didn't have a chance. Will take a new look at $NEBL later.
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