Updated
NEO test to resume rally
NEO was in consolidation mode.
It went down through a narrow channel for several days after a nice run (light blue lines).
Currently, it has left the channel and is testing it back.
The upward movement was joined with increasing bullish volume there is low bearish volume on the consolidation, which is agood sign for the bulls
To resume rally, price will then have to fight next resistance (yellow line)
It went down through a narrow channel for several days after a nice run (light blue lines).
Currently, it has left the channel and is testing it back.
The upward movement was joined with increasing bullish volume there is low bearish volume on the consolidation, which is agood sign for the bulls
To resume rally, price will then have to fight next resistance (yellow line)
Order cancelled
NEO failed to move above the resistance and went back to its channel
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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.