NEOUSD / NEO / NEOBTC - Bollinger bands w-bottom confirmed on the 1D with SMI divergence. We are also well below the bottom of the TR and finally starting to see an uptick in volume . We may be beginning to see the start of the next bull run here, but if not, 1st short term target is $34 and 2nd target is $41.
****BOING**** We should expect low volume selling and JACs (jumps across the creek), which are high volume high spread candles as we shoot to get back in and towards the top of the trading range.
Trade closed: target reached:
Hit both targets of $34 and $41. Very happy with this trade.We have resistance around the $41 area, but not for long IMO.