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Moregnan
Jan 20, 2018 2:49 PM

NEO changing direction Long

NEO / BitcoinBitfinex

Description

NEO is massively oversold now, RSI is on a turning point
Moneyflow is currently bearish and downtrending, but a possible reversal is shown on the indicator
Elderforce index is signalling a heavy oversell as well
Directional index doesn't confirm the bearish trend
Elliot wave correction phase is finished (finishing, C might be too high yet)
Volume is reaching a local low point as well, a possible turning is expected
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