NEO, another great project. If you remember, i gave a buying signal at $76 a week ago. (HERE: )
After that, NEO fell back and fell into consolidation region. But now, i am seeing some early signs of movement.
Let's see some key points:
- MACD line is about to cross with the signal line, which means it will give a buying signal soon once they cross over. (Although, we cannot say anything about the strength because as i said, it's an early signal.)
- Bullish Momentum is increasing as per and DI.
- is moving in 50-60 region which support movement.
Also, BTC price movement will also affect NEO. So, keep an eye out.
P.S: This is not an investment advice, and i am just learning. This is for my learning purpose only. Invest your capital at your own risk.
Those who wish to achieve greatness,
never seek for permissions.
They follow what their heart says,
and do what their mind states!
Good luck trading.!
Here the chart on a smaller time frame:
This definitely supports upward momentum.
Upward movement coming Soon.!