NEO is gaining ground (upward trend) without big % changes. It has been observed that it loses more %
In the downtrend than the likes of BTC.
Observation:
- A number of resistance lines have been observed and outlined in the chart
- 1 hrly chart demonstrates a symetric triangle formed and a recent upward break just falling short in the long term resistance (yellow).
- RSI is close to the overbought range as per other selloffs >60%.
- MACD is slightly bullish
- We have higher highs (green candles) recently with the 1 hr and 4 hr candles (still bullish)
I expect more sideways trading at this point with a bullish sentiment, meaning it will feel the squeeze above 17.48 and the upper resistance and then break through as outlined in the diagram.
This is all conditional with BTC in its current trend (sideways and slightly bullish).
In the downtrend than the likes of BTC.
Observation:
- A number of resistance lines have been observed and outlined in the chart
- 1 hrly chart demonstrates a symetric triangle formed and a recent upward break just falling short in the long term resistance (yellow).
- RSI is close to the overbought range as per other selloffs >60%.
- MACD is slightly bullish
- We have higher highs (green candles) recently with the 1 hr and 4 hr candles (still bullish)
I expect more sideways trading at this point with a bullish sentiment, meaning it will feel the squeeze above 17.48 and the upper resistance and then break through as outlined in the diagram.
This is all conditional with BTC in its current trend (sideways and slightly bullish).
Comment:
4 hrly view
Comment:
Sometime it happens quicker than you think and higher than you think
Comment:
Overbought conditions (RSI) and hence a bit of a sell off. With 18.6 or 18.7 being the support and if that doesn't hold, 18.5
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This community has signals now but with no risk management comms.
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.