💎Technical Analysis Summary💎
NEO/USD
-The $25 dollar area is the potential buying interest for long-term investors
-This zone has been respected multiple times since September 2017
-If NEO will form any reversal pattern like Double Bottom or Tripple bottom
-Our weekly bias increases right here and the chances to retest the $100 increases
-This is a long shot...
Call me crazy. I think we have the bottom. I bought some 20% ago and well stuck with my choice. If only I could see in the future id be good. But lets how this goes. BS loss if I sell. WQill be okay in the future should I not get a margin call :|
As I posted previously , I noticed a rising wedge (bearish) in NEO’s price pattern (also see “1”).
Previous post graph:
In the meanwhile, that pattern has held true, first resulting in a sideways trading range (see the rectangle in “2”).
Support (“3”) was broken in early March, prolonging the downtrend started in February. We are still in that downward trend...
