NEO - RSI shows dump or pump...which way will NEO go?
On this weekly chart for NEO, we can see NEO has broken above the thick red resistance line.
NEO is at time of this post is above the EMA100 (purple line) and on it's way to $20.86 where we have some heavy resistance.
If NEO breaks above this yellow resistance line at $20.86 we could see NEO get to $30 in no time.
On the LMACD you can see that since Jan 2019, yes 2019 not 2020, that buying has been happening with not much selling happening as you can see by the blue and red bars on the LMACD. The lime green trendline shows a huge bullish divergence that could catapult NEO to some huge gains. LMACD now above 0 on the weekly chart.
On the other hand, on this daily chart below for NEO we can see a dangerous position NEO is currently in on the daily RSI.
The grey down arrows show when the RSI hit 80 you could short NEO and be in profit every single time. We are now around 80 on the RSI on the daily chart. With all this bullish momentum in the crypto space, is it a wise move to short? Maybe a better move is to long and if it dips, add to the long.
Happy trading legends!
HTBB
NEO is at time of this post is above the EMA100 (purple line) and on it's way to $20.86 where we have some heavy resistance.
If NEO breaks above this yellow resistance line at $20.86 we could see NEO get to $30 in no time.
On the LMACD you can see that since Jan 2019, yes 2019 not 2020, that buying has been happening with not much selling happening as you can see by the blue and red bars on the LMACD. The lime green trendline shows a huge bullish divergence that could catapult NEO to some huge gains. LMACD now above 0 on the weekly chart.
On the other hand, on this daily chart below for NEO we can see a dangerous position NEO is currently in on the daily RSI.
The grey down arrows show when the RSI hit 80 you could short NEO and be in profit every single time. We are now around 80 on the RSI on the daily chart. With all this bullish momentum in the crypto space, is it a wise move to short? Maybe a better move is to long and if it dips, add to the long.
Happy trading legends!
HTBB
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