Hello Traders!
Today’s update will be on NEOBTC, potential bottom and bullish divergence!
Points to consider,
- Overall trend is still bearish
- Next major resistance is at .50 Fibonacci Retracement
- RSI respecting uptrend (Need third touch to confirm)
- Stochs showing upwards momentum
- Volume declining
- EMA giving price resistance currently
NEO could be putting in its bottom after breaking its major structural support; the trend is still quite bearish, however we do see a potential bullish divergence
The EMA’s are currently giving price resistance, bulls need to cross the EMA’s bullish for the divergence to be intact, with the volume being low, we need to see it increase for confirmation…
The stochastics is showing further upwards momentum, this is quite bullish as it goes hand in hand with the RSI’s recent developments…
What are your thoughts on NEOBTC? Is this a bullish divergence in fruition?
Please leave a like and comment
And remember,
“If you can learn to create a state of mind that is not affected by the market’s behavior, the struggle will cease to exist.” – Mark Douglas
Today’s update will be on NEOBTC, potential bottom and bullish divergence!
Points to consider,
- Overall trend is still bearish
- Next major resistance is at .50 Fibonacci Retracement
- RSI respecting uptrend (Need third touch to confirm)
- Stochs showing upwards momentum
- Volume declining
- EMA giving price resistance currently
NEO could be putting in its bottom after breaking its major structural support; the trend is still quite bearish, however we do see a potential bullish divergence
The EMA’s are currently giving price resistance, bulls need to cross the EMA’s bullish for the divergence to be intact, with the volume being low, we need to see it increase for confirmation…
The stochastics is showing further upwards momentum, this is quite bullish as it goes hand in hand with the RSI’s recent developments…
What are your thoughts on NEOBTC? Is this a bullish divergence in fruition?
Please leave a like and comment
And remember,
“If you can learn to create a state of mind that is not affected by the market’s behavior, the struggle will cease to exist.” – Mark Douglas