KitchenCabinet

KitchenCabinet

I think we're heading back down.

KitchenCabinet

Not looking good, lads.

KitchenCabinet

Last night was a capitulation candle if we've ever seen one. Have an ascending triangle forming on the hourly which would form a bottom on higher time frames. Let's see what happens after the daily close. Keep in mind we're also at high time frame resistance too.

KitchenCabinet

Not looking good, lads. Waiting to see if it's confirmed.

KitchenCabinet

It's a nice rounded bottom, we'll have to see how it pans out. Not entirely confident though, the price has already retested the Ichimoku cloud after breaking out.

KitchenCabinet Updated 

The NEOBTC pair has already broken above it's trend line from all time high and the USD pair is looking similar, but we are in a resistance area and it could very well end up being a wick. Just keeping an eye on it for now, but leaning towards a bullish break.

KitchenCabinet

NEO/BTC has not only broken above the 2 year downtrend line, but looks to have reclaimed / be in the process of reclaiming the previous range. Zooming we can see a very clear bullflag. All that remains now to wait for completion and a daily close or two to make sure we get an S/R flip.

KitchenCabinet

NEO is testing support for a second time. The levels are not precise, but now would be the time to buy. If we close under the support box, just buy back around the yearly low.

KitchenCabinet

The bullflag on the daily failed and NEO saw a sell off comparable to other front line alts. Falling below the 350 MA and breaking the major trendline is bearish. However we have the minor trendline and the 250 MA that can act as support. There is some confluence with the horizontal resistance ~$10.60. It should be noted that NEO originally broke over the 250 MA...

KitchenCabinet

Pretty clear bullflag forming on the hourly. Looks like it'll retest ~$20 soon. Waiting on breakout.

KitchenCabinet Updated 

Leaning bullish. We're currently consolidating under resistance and the previous supports have already been tested. Volume is shaping up nicely. Not sure how far we'll actually get from the bullflag, but it's definitely going up.