NEO continues to look weak after hitting highs of $20 a few ago but that is all forgotten now that we are staring at a possible $17 handle again. It has constantly found resistance at the EMAs and they finally did crossover, which saw a big spike down in price a few days ago following BTCs drop. It did break the demand zone, which has now turned into resistance and most indicators are painting a bearish scene.
MACD continues to drop like a rock while histo is turning upwards slightly while RSI hasn't been able to break above resistance and is looking like it wants to rollover once more. A short scalp can be played here with a decent R:R with a stop placed above the now supply zone and FIB level.
Thanks guys
MACD continues to drop like a rock while histo is turning upwards slightly while RSI hasn't been able to break above resistance and is looking like it wants to rollover once more. A short scalp can be played here with a decent R:R with a stop placed above the now supply zone and FIB level.
Thanks guys