➖ After forming a V bottom, NEOBTC moved upwards to break out of its early 2023 downtrend and this on rising volume.
➖ After the initial bullish breakout, late October through early November, we have a classic retrace ending in a higher low.
These two signals tells us that NEO is ready to go.
➖ Currently we see price action taking place above EMA50, which is another signal of strength.
All these combined gives us a high probability for a new and strong bullish wave.
The targets on the chart are short-term based.
Thank you for reading.
Namaste.
➖ After the initial bullish breakout, late October through early November, we have a classic retrace ending in a higher low.
These two signals tells us that NEO is ready to go.
➖ Currently we see price action taking place above EMA50, which is another signal of strength.
All these combined gives us a high probability for a new and strong bullish wave.
The targets on the chart are short-term based.
Thank you for reading.
Namaste.
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