InvestingScope

Falling Wedge. Short.

Short
BITFINEX:NEOBTC   NEO / Bitcoin
NEOBTC is on a 1D Falling Wedge formation (RSI = 31.031), which is slowing down on pace as it approaching the exhaustion point (Highs/Lows = -0.0006, MACD = 0, B/BP = -0.0012). Our approach is to short with TP = 0.002911 and then consider the reversal neat the 0.002000 1W support.

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