NEO / USDT – Bullish Breakout Setup (4H)Price has successfully broken above the descending trendline and is now holding near the 0.382 Fibonacci level at 5.84.
If momentum continues, a move toward the 0.5 and 0.618 retracement levels looks likely, confirming a potential short-term trend reversal.
🎯 Targets:
6.32
6.80
7.48
maybe to 26$ if we are lucky this year but that's
Based on market structure and the Fibonacci retracement zones, I expect further bullish continuation after this breakout and retest.
📘 This analysis is based on personal market study and structure observation – DYOR / Not financial advice.
Cmcmarkets
FTSE100 Major Resistance Coming up ahead of CPI DATA SHORT I will be looking to take a short based on the following analysis .
FTSE Approaching Major resistance with a HVN *High Volume Node up ahead as well as untapped Monthly and Daily levels .
If this plays out I would expect PA to gravitate down to the 0.618 FIB for a strong level of support
Housing the 9 , 30 , 50 and the 100EMAS all clustered in-between the 0.66 and the 0.618 FIB as well as a SPEED FAN 0.5 crossing through this range 7350.
The Analysis does coincide with some Fundamental data released tomorrow for the UK "CPI DATA YoY " Consumer Price Index in which case
the actual CPI numbers have been higher than forecast spanning the past 18+ months so this could be the precursor for the drop tomorrow with a continuation of that trend.
Please like and follow for regular analysis . Much appreciation
* Left out the EMAs too keep the chart looking clear

