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FieryTrading
Jan 21, 2021 9:44 PM

NEO/BTC Bullish Wedge Reversal Long

NEO / BitcoinBinance

Description

NEO/BTC is gaining some traction after bouncing from the lower trend line of the wedge. Surprisingly enough, this pair remains unscathed after today's bitcoin drop. This gives me confidence that we can see some more action soon.

The first resistance area to beat is R1, based at the last touch of the upper trend line. in case that area gets taken out, the next target should be the upper trend line. It's unclear where the price will touch the trend line, therefore I can't give a proper numerical target. Do your own DD.

Happy trading!

Comments
Karzon
Great Analysis Buddy
FieryTrading
@Karzon, Thanks bro
TheSignalyst
Good catch brother
FieryTrading
@TheSignalyst, Lets see if it works out
InkyGrip
wonderful work! 🦐️
FieryTrading
@plancton0618, Thanks plancton🦐️
AIRFOREXONE_
great work mate !
FieryTrading
@airforexoneJAVIER, Glad you enjoy
KlejdiCuni
Great analysis mate!
FieryTrading
@KlejdiCuni, Thank you mate
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