NEO/BTC is showing bullish divergence on the 4-hour RSI and the 4-hour Stochastic. CMF is also on a support it has tested 3 times prior, so it could start turning upwards as well. NEO/BTC came down to retest it's previous bottom around 2370-2390, and formed a tweaser bottom reversal pattern on the 1-hour chart, so we could be set to see higher moves. Good risk/reward on this play so long as Bitcoin can remain steady.
Entry: 2450-2475.
Target 1: 2550
Target 2: 2700
Target 3: 2800
(Tight) SL: 2380 (Right below the tweaser bottom reversal we formed on the 1-hour chart.)
(Loose) SL: 2330-2340 (Below the double bottom support.)
--This is not financial advice. Always do your own research and come to your own conclusions before buying/investing, as investing in cryptocurrencies comes with high risk and high amounts of volatility.
Entry: 2450-2475.
Target 1: 2550
Target 2: 2700
Target 3: 2800
(Tight) SL: 2380 (Right below the tweaser bottom reversal we formed on the 1-hour chart.)
(Loose) SL: 2330-2340 (Below the double bottom support.)
--This is not financial advice. Always do your own research and come to your own conclusions before buying/investing, as investing in cryptocurrencies comes with high risk and high amounts of volatility.
Note
Target 1 at 2550 has been hit!Note
Target 2 at 2700 has been hit on a wick!
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FTX US: ftx.us/
Sign up for Binance US here: binance.us/?ref=35000668
Sign up for Binance US here: binance.us/?ref=35000668
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.