We are looking at NEOBTC on the daily (D) timeframe.
Prices started to grow in late October 2019 for NEOBTC.
A peak was hit in February 2020.
After the peak, a strong correction took place.
Prices stopped correcting when they hit support (the 0.786 Fib. retracement support relative to the last bullish wave).
Bullish divergence can be spotted with the MACD and RSI.
If prices for NEOBTC can stay above 0.001000, the first green arrow can easily be followed (strong growth). Breaking below this same level,0.001000, can send prices lower. In the case the latter scenario comes true, we remain bullish after the drop (2nd green arrow).
With Neo 3.0 launching on 30th June, this will fly really high in next 3-4 weeks. I'm expecting atleast 80% growth from here.
CreativeTrader
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traders by making it to the news that btc breached 10K, I will long after it retraces, after 10.5 breaks and it touches 11.8K retracement then long.
Or I will long if this dumps to 9.6 and holds, or dumps to 7K and bounces