After breaking out from that triangle last 19th February the pump stopped on 22th because of BTC messing up the market. Following that dump and a little pump we're now into a falling wedge, over EMA 200 and flirting with wedge's upper resistance. Since the price went already under 0.618 Fib line (not showed) and bouced back it's possible we'll break out from here.
Should this not happen we'll dip to around 29.5 and then go up. The bull DIV on RSI means we should be heading up but the fact there's a big space between the DIV line and the RSI can mean we'll go down.
The break out will be confirmed only if we'll go over 40.7$
Should this not happen we'll dip to around 29.5 and then go up. The bull DIV on RSI means we should be heading up but the fact there's a big space between the DIV line and the RSI can mean we'll go down.
The break out will be confirmed only if we'll go over 40.7$
Note
Price has broken out but I wouldn't say it's a proper break out, I see no pump here. Let's wait at least another 4h candle to understand where this is goingNote
this is kinda a flat breakout but I feel like this is going upNote
NEO is going, so far so good!
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I do TA because I like and it seems at least 70% of my calls usually turn out to be true. If you wanna support me please donate some tradingview coin or check "about me"
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.