Short
NEOUSD 1D symmetric triangle & CCIDivergence
NEO has some cool features and other advantages that are missing in Ethereum - and it shows some interesting chart formations on the daily chart.
There is a symmetric triangle that can be seen as a trend continuation pattern. Since price was in an uptrend when the pattern formed, probability is high that the uptrend will continue when Price will break-out of that Pattern.
But before the trend will continue, the Price might fall: there is a strong Divergence of Price vs. the Commodity Channel Index (CCI). Price was already falling but might drop even further, before in early November the break-out might happen.
There is a symmetric triangle that can be seen as a trend continuation pattern. Since price was in an uptrend when the pattern formed, probability is high that the uptrend will continue when Price will break-out of that Pattern.
But before the trend will continue, the Price might fall: there is a strong Divergence of Price vs. the Commodity Channel Index (CCI). Price was already falling but might drop even further, before in early November the break-out might happen.
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