Get started

Ansusd

NEOUSD: Near the long term bearish target. Potential for -50%.The coin eventually broke the 13.55 1W Support hitting that medium term target and is now close to our 8.78. 1W eventually developed a Channel Down (RSI = 31.809, MACD = -12.044, Highs/Lows = -6.4159, B/BP = -12.9319), which despite being oversold can even extend to a 3.80 Lower Low as part of the bearish cycle completion. We will update near the end of the year if we start the accumulation process, as this target will complete our shorting strategy of the past 10 months. ** If you like our free content follow our profile (tradingview.sweetlogin.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
BITFINEX:NEOUSDShort
by InvestingScope
4
Triangle keeping the price neutral. Bearish confirmation upon suNEOUSD is stalling the downtrend indicated by the underlying long term bearish trend on the 1W Channel Down (RSI = 37.081, MACD = -11.565, Highs/Lows = -4.0555, B/BP = -14.5653) as a 1D Triangle (RSI = 45.534, STOCHRSI = 47.026, CCI = -19.7242, Highs/Lows = 0.0000) is supporting the price above 16.00. This is the support we are looking to cross, and a break-out is confirmation of the downtrend. Our TP remains 8.78.
BITFINEX:NEOUSDShort
by InvestingScope
6
Lower High made. Bearish reversal on 1W. Short.NEO has made the Lower High (Highs/Lows = -8.5242) on the 1W Channel Down (RSI = 36.959, MACD = -11.383, B/BP = -16.0980) exactly on the Resistance limitation zone (blue curves). Remember mentioning on the previous post that any Lower High attempts will be contained by the blue curve formations below 25.00. 1D should now utilize this momentum (MACD = -0.814, CCI = -55.1910, STOCHRSI = 23.235) to test the 13.55 support. We remain bearish on NEOUSD with TP = 8.78.
BITFINEX:NEOUSDShort
by InvestingScope
1