InvestingScope
Short

Triangle still intact but approaching the completion point.

BITFINEX:NEOUSD   NEO / U.S. Dollar
NEOUSD is still under the relative neutral bias of the 1D Triangle ( ADX = 12.107, Ultimate Oscillator = 49.858). This is however approaching the Lower High resisting line of the 1W Channel Down ( RSI = 37.006, MACD = -11.677, Highs/Lows = -3.5196, B/BP = -13.7590). We expect a bearish rejection on that point and a new Channel Down to emerge, so we remain short with TP = 8.78.
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3.79$/neo bottom? or next target?
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upenka Mangaladaymers
@Mangaladaymers, TP 8.78

Read the text next time!
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