InvestingScope
Short

Bearish continuation both on 4H and 1W. Approaching the support.

BITFINEX:NEOUSD   NEO / U.S. Dollar
NEOUSD is on a descending course both on the 4H Channel Down ( RSI = 44.300, MACD = -0.258) and the 1W Channel Down ( RSI = 36.441, MACD = -11.531). On 1D however it is restrained by a 19.85 Resistance and the 13.55 support, which is slowly approaching. We expect a test (and most likely break-out) in the coming days. TP = 8.78.
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WRONG
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Omg neo for $8.78 , I hope this is realized because I'll be filling my bags....great TA
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InvestingScope GlennTarplett
@GlennTarplett, thank you for your support. This is a projection based on the underlying 1W trend. The real task at hand will be finding the new N bottom that will support the next 2 years of uptrend. We have to correlate any values with the life expectancy of BTC's current bear cycle. Many updates will follow.
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wannabuymymumahouse InvestingScope
@InvestingScope, resistance broken? on the one week trend.. possible manipulation of bit coin might have done this. what do you think?
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