NEO, Ready To Breakout

BITTREX:NEOBTC   Neo / Bitcoin
Zoomed Out
Major Resistance 1: 0.0095
Major Resistance 2: 0.0115
Major Resistance 3: 0.0150
Aggressive downtrend line to be tested

Major Support 1: 0.0075
Major Support 2: 0.0050

Looking at our daily up close we can see price is at a very critical point. Testing our channel breakout line along with our major resistance. Taking a look at our stochastic RSI indicator we can see momentum has heavily shifted towards the upside, and a breakout will occur.

Shifting over to our pattern timeframe can see a minor breakout has already occurred breaking through our resistance @ 0.00855 Ideal entry is a break and close above 0.0090

Finally looking at our trigger timeframe we can see price has struck a minor resistance just below 0.090 looking for support before we breakout.

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Related Ideas

Totally agree with you.

Please have a look at my chart too, feedback is appreciated.

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