CryptoMonkeys

NEO (neo-usdt) IS AT THE BOTTOM ? Quick BUY strategy!

Long
BINANCE:NEOUSDT   NEO / TetherUS
Might be the time of the Matrix, when the decision between the 2 pills would made the movie a success or a cult.. we had the cult..so what's the crypto currency NEO future!?

A drop to 16.2 $ area as been confirmed 3 times and the descending channel started on the 7th sept, after a quick recovery from the 5th sept, has touch 20$ , 18$ and 17$ usd area,
now might be the time for the bulls to kick in, we can expect a last drop to the 15$ area , followed by a recovery that could give the signals for the buyers, we recommend an entry on the 15$-18$ area , with a sell target beetwenn 20.9 usd and 21.75$ that might create some resistance. The moving averages crossed on the 4hours chart today, this could be another interesting signal.

This this a 4 hours chart analysis with a quick swing trade strategy, we recommend to double check the resistance level and the descending support line, if the volume changes, in order to justify the entry has to be a full sold out and will definitely have some deep market charts signals as well.


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Happy trading days

C-Monkeys
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