Hello, Traders! Monfex is at your service and today we overview NEO/BTC, log scale.
NEO is in the falling bullish wedge and has MA100 near resistance line. It's with a bullish divergence by RSI.
Support, buy zone ~ 0,000850
Target zone ~ 0,001500
Stop lose - 0,000820
Almost 2X in this trade.
Breakout of the resistance line will be the best confirmation of this idea!
Share your thoughts, ideas about the market under the chart.
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Disclaimer This report is for information purposes only and should not be considered a solicitation to buy or sell any trading assets. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.