It is a strong buy. However, it has not hit resistance so we might see a sell signal soon. Therefore, I am in a neutral position. We need to wait since crypto engineering gave a buy signal in May which is long time ago. There is however, a golden cross signal from crypto engineering.
Neblio has been trying to break its down-trend for a while.
If it succeeds, there will be huge profit potential!
At this point, we have to watch Engineering Robo signals carefully.
I have 3 conditions before trade in:
- Down-Trend brokage.
- Resistance brokage.
- New buy signals from Engineering Robo.
See how many times the price has made traps for the buyers, this happens in assets with low liquidity, and a big player sell order can bring down the price considerably.
I recommend everyone stay out of assets with charts like these.
BINANCE:NEBLBTC is another one of those coins that keeps on hitting resistance while having continued support, it is only a mattter of time now before this MA200 breaks and NEBL starts an uptrend.
Target 1: 0.00006437
Target 2: 0.00006976
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