Chart is pretty much self explanatory. There is a rising wedge formation. Nevertheless, it could still go up. My opinion is that the whole market is about to dump and NEO could be going all the way down to 0.0076.
Good luck!
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Good luck!
If you agree, don't forget to like the chart in order to receive updates!
Note
NEOUSD also showing a rising wedge pattern.Trade active
5 min chart in NEOUSD showing a very bullish triangle. If it breaks up, it should continue going higher to 180.Trade active
NEOBTC continues it's bullish momentum. Creating a triangle likely to break up.Trade active
Broke up the triangle and then dumped. Now creating a BEARISH DIVERGEANCE.Note
NEOUSD not looking that good.I think it's going to bounce at the red line.
When it entered the new FIB level it was just too much gravity to stand to, and it just lost the battle.
Trade active
So after dumping with the rest of the market and the consequent bounce, we have NEOUSD forming a pattern. Not sure if it’s a megaphone in a downtrend or a broadening bottoms so it could go either direction now.Note
I think it’s more likely to dump by the way.
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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.