Hello again !
Just made this 1 day chart as easy-way anylisis.
I think, NEO is at decision point, so it´s good to watching now & there we go.
I made it easy. I just need to monitoring actual support ( green line ) zone & watching, where wll candle closed and if it continue in trend ( for trend confirmation ). If not continue down, Neo make a reverse and probably go up for certain time.
Stoch/RSI at the bottom also shows buy signal. So probably Neo making reversal here.
We got pretty low market cap & volume caused probably mostly by Binance hack scandal.
Finally I like to mention, it´s good to check 4h timeframe, if you wait for confirmation candle.
Everytime, confirmation candle needs to be decent with solid body ( not only as shadow = big wicks ) .
You can also noticed, my Fibonacci retracements doesn´t fit very certain to green and red lines.
Take it as zones for confirmation to the nearest Fibo retrace: ) For red resistance is 0.382...
It´s a 1 day chart. So if here´s appear, will be really decent.
Bollinger Bands indicaton copying this support and resistance lines, which also helps to draw support and resistance corectly.
Especialy, if you only beginner ( I am too yet ).
Note:
You need to click play button rightside in chat to upload chart.
Usually, bottom indicators not capable to upload.
Thank´s for attention,
Mario Emvo.
*This is not a financial advice.
For educational purposes only.
Just made this 1 day chart as easy-way anylisis.
I think, NEO is at decision point, so it´s good to watching now & there we go.
I made it easy. I just need to monitoring actual support ( green line ) zone & watching, where wll candle closed and if it continue in trend ( for trend confirmation ). If not continue down, Neo make a reverse and probably go up for certain time.
Stoch/RSI at the bottom also shows buy signal. So probably Neo making reversal here.
We got pretty low market cap & volume caused probably mostly by Binance hack scandal.
Finally I like to mention, it´s good to check 4h timeframe, if you wait for confirmation candle.
Everytime, confirmation candle needs to be decent with solid body ( not only as shadow = big wicks ) .
You can also noticed, my Fibonacci retracements doesn´t fit very certain to green and red lines.
Take it as zones for confirmation to the nearest Fibo retrace: ) For red resistance is 0.382...
It´s a 1 day chart. So if here´s appear, will be really decent.
Bollinger Bands indicaton copying this support and resistance lines, which also helps to draw support and resistance corectly.
Especialy, if you only beginner ( I am too yet ).
Note:
You need to click play button rightside in chat to upload chart.
Usually, bottom indicators not capable to upload.
Thank´s for attention,
Mario Emvo.
*This is not a financial advice.
For educational purposes only.
Comment:
It´s hard to predict, but we can be pretty close to reverse : )
*This is not a financial advice.
For educational purposes only.