Vermillionz

NEO/BITCOIN - MASSIVE CUP&HANDLE -1/28/18

Vermillionz Updated   
BITTREX:NEOBTC   Neo / Bitcoin
NEO looks to completing a Cup & Handle Formation! Looks Bullish!

- Massive Cup & Handle looks to have formed, right now, Handle is forming. If Handle continues as should, expect a breakout of upwards price movement, possibly to ATHs.

- Mini Ascending Triangle has formed on the Handle of the Cup, a very bullish sign and indicator of further breakout upwards to come.

- Bollinger Bands determine breakout and trends. Bollinger Bands were previously narrow as trend continued to consolidate, BUT as Bollinger Bands begin to widen (as they are currently doing), this signals a breakout is imminent, most likely bullish based on the likely possibility we are in the formation of the HANDLE.
Comment:
RSI @ 78, indicating NEO is overbought.

MACD just recently crossed, signaling breakout. Watch uptrend, if price movements can breakout of the Ascending Triangle and move past resistance levels, expect further bullish movements.
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