NEOBTC 1H Timeframe 3 December 2017
And here's the second one, this time it's NEO, where I've been tweeting about a lot lately.
Yesterdaynight (for our European people) NEO broke out of a falling wedge and hitting the resistance of the bigger downtrend. It seems like NEO will be finishing retracement pretty soon, as we're seeing some pretty good things happening in the 1H chart.
Currently NEO is creating another falling wedge and a bigger one --> the bigger they get, the bigger the breakout. But not only it's making a falling wedge, there's also a huge bullish divergence. On the MACD (when we zoom out a little), it's started an upmove since mid november already. If we check out on the RSI level on top of te screen, we see the same bullish divergence starting from the 29th of November, while the value of NEO went downhill.
Very interesting coin to watch right now and I'll update NEO on a daily basis.
Yesterdaynight (for our European people) NEO broke out of a falling wedge and hitting the resistance of the bigger downtrend. It seems like NEO will be finishing retracement pretty soon, as we're seeing some pretty good things happening in the 1H chart.
Currently NEO is creating another falling wedge and a bigger one --> the bigger they get, the bigger the breakout. But not only it's making a falling wedge, there's also a huge bullish divergence. On the MACD (when we zoom out a little), it's started an upmove since mid november already. If we check out on the RSI level on top of te screen, we see the same bullish divergence starting from the 29th of November, while the value of NEO went downhill.
Very interesting coin to watch right now and I'll update NEO on a daily basis.
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