NEO Price Analysis
NEO is forming a bearish channel / falling wedge.
Kijun is falling to meet price and our tenkan in ranging which tells us in the short term thing have cooled down.
This is confirmed by wicks on the past few daily candles. It signals that the bulls are waiting to buy. They're just seeing how low the price goes first.
Stochastic RSI is nearing historical support.
TRIX is tightening up in an ascending triangle. If it bounces from support it should help to confirm a potential reversal.
The kumo is very wide meaning if any run happens it will be facing large resistance above the .382 Fibonacci level.
Kijun is falling to meet price and our tenkan in ranging which tells us in the short term thing have cooled down.
This is confirmed by wicks on the past few daily candles. It signals that the bulls are waiting to buy. They're just seeing how low the price goes first.
Stochastic RSI is nearing historical support.
TRIX is tightening up in an ascending triangle. If it bounces from support it should help to confirm a potential reversal.
The kumo is very wide meaning if any run happens it will be facing large resistance above the .382 Fibonacci level.
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Disclaimer
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Join The Spekre ACS Creator Pool and gain access to exclusive trading indicators, copy trading, exclusive content, and more tools in the future! Link: hub.accessprotocol.co/creators/J8TpW6cypxheFUYjWn4mxS6ExvBEMxyMiRvrf43Nhnvy
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.