NEO with bullish divergence on the daily
Updated
NEO has bullish divergence on the daily time frame on multiple indicators. Neo also had a bullish engulfing candle yesterday with a long bottom wick indicating signs of reversal. The outlook for the short term for Neo is bullish. This area also has a rather large high volume node as well as the point of control, so this would be a nice spot for Neo to reverse trend. The wave trend looks to be resetting, lining up for a bullish cross soon, and rsi is back to over-sold levels
Note
I stopped out, but have re-entered the trade today, we got a huge bullish engulfing candle as well, hopefully this is trend reversal but could just be a fake-out.PM me if you'd like to join my free trading group!
Trade closed manually
I stopped the re-enter trade out with a profit of 15% or so. Currently looking bearish, I know alts are very oversold overall but could be in for even more downside people!
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