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NEO

NEOUSD Finding Bottom

By UnknownUnicorn3470358
Updated
NEO Corrected 93% from its All Time High . Now going inside a Falling wedge on the 4 Hour Chart. If price move up from here towards the uptrend line of the wedge then 26 EMA will work as resistance. If price move down from here then we should look at the downtrend line of the Wedge if break the downtrend line then most likely NEO will retest the 161.80% FIb level 14.13$ where NEO has a previous support. However shorting at this level is extremely risky because Cryptocurrency find bottom anywhere between 70 to 95% and NEO already corrected 93%.
Trade active
1st Resistance : 19.47
2nd Resistance : 21

1st Support : 17.46
2nd support : 14.13
Note
Never forget to look at volume at the time breakout
Note
MANABTC
MANABTC correction is not over yat
BTCUSDChart PatternsTechnical IndicatorsneousdneousdforecastneousdideaneousdlongNEOUSDSHORTSNEOUSDTTrend Analysis
UnknownUnicorn3470358

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