Hey, I am back with another Technical Analysis this time looking shortly again at NEO.
Has was in a bearish channel, that lead to breakdown to lower bearish channel.
NEO had succesfully broken out from these channels and now is fighting with the downtrend line.
When the downtrend line will be broken, the NEO could became free forming bullish channel or slowly climbing.
Taking look at the Log. Chart.
2 bearish channels, 1 bullish and 1 downtrend line.
NEO has one goal, surpass 10,000 satoshi, then I consider NEO as truly bullish.
NEO looks great even now, have made great progress over past days.
Taking look at Indicators.
MACD gives buy signal with buyers dominance over the sellers.
RSI has surpass the good bullish level and looks like it have found support on this level, very good for NEO.
Volume is slowly rising.
What do I consider as a perfect buy?
The bottom of the bullish channel,at which price doesnt have to arrive.
Sorry if this chart is a bit more complicated, but NEO is complicated and complicated crypto need complicated TA.
Hope I made your view on whats going on with NEO somehow clearer.
If you like this TA let me know in the comments, Likes are aprreciated, Thanks !
If this gets a little bit of attention, I will update.
Has was in a bearish channel, that lead to breakdown to lower bearish channel.
NEO had succesfully broken out from these channels and now is fighting with the downtrend line.
When the downtrend line will be broken, the NEO could became free forming bullish channel or slowly climbing.
Taking look at the Log. Chart.
2 bearish channels, 1 bullish and 1 downtrend line.
NEO has one goal, surpass 10,000 satoshi, then I consider NEO as truly bullish.
NEO looks great even now, have made great progress over past days.
Taking look at Indicators.
MACD gives buy signal with buyers dominance over the sellers.
RSI has surpass the good bullish level and looks like it have found support on this level, very good for NEO.
Volume is slowly rising.
What do I consider as a perfect buy?
The bottom of the bullish channel,at which price doesnt have to arrive.
Sorry if this chart is a bit more complicated, but NEO is complicated and complicated crypto need complicated TA.
Hope I made your view on whats going on with NEO somehow clearer.
If you like this TA let me know in the comments, Likes are aprreciated, Thanks !
If this gets a little bit of attention, I will update.
Comment:
NEO sitting at the bottom of the channel, possible good buy
