RealMcafee

NEOBTC potential short idea

Short
RealMcafee Updated   
BITTREX:NEOBTC   Neo / Bitcoin
NEOBTC has lost support of 20 daily MA making a retest of support very possible. If this fails, NEO will likely retrace to 1.618 level.
Red lines are historic support/resistance levels.

Trade not active.
Comment:
NEOBTC channel, this level does have a lot of support, so it is our best option for break out so far in my opinion.
Comment:
NEO still not showing clear bear signals for me.
Comment:
First target eviscerated, should have gone in on this one. Bouncing hard now, I'm going to let the dust settle before making a move here. Trade remains inactive for me.
Comment:
careful with shorts, something might be brewing today or tomorrow
Comment:
NEOBTC bounced off historic support but I still expect more downside

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.