Dear friends,we see NEOUSD having formed a beautiful inverse head and shoulders pattern right at the 05 Fib level.The recent dip to 65 which is the 0.786 Fib level seems to be the lowest point this baby intended to go to.
For it to confirm price reversal,we need the price to break above the neckline at 111.8 and close above the immediate former resistance at...
The markets are still largely bearish,as evidenced by the recent bear run.We are still not out of the woods yet,with the 20 EMA crossing above the 50 EMA,further the market is forming lower lows and lower highs a clear sign that bears rule this market in the short term.
A break below current support at 1.36 will signal price breakdown with a target of 0.8
NEOBTC formed a very pretty Head and Shoulders pattern and has broken out of the neckline.We seek to go long on this baby,with the perfect buy zone being a pullback to the demand zone.
Enjoy some new year profits!
After an impressive run and a very necessary correction,It seems NEOUSD is ready for another run,most probably a bullish run but ofcourse we can only read the chart.
The symmetrical triangle that has formed should offer a great breakout.A close above previous 84 high will indicate a new bull run,watch support levels at 57.0
Lets see how it plays out
After an impressive bull run IOTUSD has been trading sideways,at least for the most part.but not any more,buckle up ladies and gentlemen a triangle is forming with the possibility of a breakout sooner than later.My prediction says bullish
of course we have to wait for the new trend to confirm.