NEO - New uptrend! Huge falling wedge is breaking out! + RSI DIV

  • On the daily chart we can see a massive falling wedge - bullish reversal pattern!
  • Also we have a second local blue falling wedge, so the probability of a successful trade is higher.
  • If we take a look at the RSI indicator we can spot a bullish divergence with higher lows, definitely another positive sign.
  • Regarding my analysis of Elliott waves, the major impulse (5-3-5-3-5) has been definitely completed successfully!
  • We have a great confluence to open a long position here.
  • Look at my ideas about interesting altcoins in the related section down below ↓
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