Chart is pretty much self explanatory. There is a rising wedge formation. Nevertheless, it could still go up. My opinion is that the whole market is about to dump and NEO could be going all the way down to 0.0076.
If you agree, don't forget to like the chart in order to receive updates!
NEOUSD also showing a rising wedge pattern.
5 min chart in NEOUSD showing a very bullish triangle. If it breaks up, it should continue going higher to 180.
NEOBTC continues it's bullish momentum. Creating a triangle likely to break up.
Broke up the triangle and then dumped. Now creating a BEARISH DIVERGEANCE.
NEOUSD not looking that good.
I think it's going to bounce at the red line.
When it entered the new FIB level it was just too much gravity to stand to, and it just lost the battle.
So after dumping with the rest of the market and the consequent bounce, we have NEOUSD forming a pattern. Not sure if it’s a megaphone in a downtrend or a broadening bottoms so it could go either direction now.
I think it’s more likely to dump by the way.
We are 2000+ members discussing trading ideas and improving our trading skills. Come join us at: