NEO BIG .. NOW OR NEVER
Updated
A friends of mine told me Neo is good.
I asked him .. ok is good but why a centralized state like china should let expand a decentralized structure as NEO. He gave me the answer that I wanted to heard..
In the last month NEO followed the whole cryptoworld and went up.
Actually is in an upward channel. What I find interesting is that price is growing, but RSI is descending.
For me this is a great bullish sign. Actually we are testing the downward support of the last bull run.
Against bitcoin and ETHEREUM, NEO is testing the support of ascending Triangle.
RSI against Bitcoin is in a zone where the last bull runs begann. Against ETHEREUM it's oversold and often there are sharp price change against ETHEREUM.
Lot of thing speak for an imminent price increase but a further down retracement could be catastrophic.
feel free to fly and set stop loss!
BIO
I asked him .. ok is good but why a centralized state like china should let expand a decentralized structure as NEO. He gave me the answer that I wanted to heard..
In the last month NEO followed the whole cryptoworld and went up.
Actually is in an upward channel. What I find interesting is that price is growing, but RSI is descending.
For me this is a great bullish sign. Actually we are testing the downward support of the last bull run.
Against bitcoin and ETHEREUM, NEO is testing the support of ascending Triangle.
RSI against Bitcoin is in a zone where the last bull runs begann. Against ETHEREUM it's oversold and often there are sharp price change against ETHEREUM.
Lot of thing speak for an imminent price increase but a further down retracement could be catastrophic.
feel free to fly and set stop loss!
BIO
Note
I adjusted the rising channel. We are actually encountering the resistance of this downward big channel. getting out of it means strong uptrend. Staying inside means bear still on play.
The green spot is an important support that have to be hold if we want further upwards movements
Note
NEO probably is entering in a good mood. If btc goes up, and you see some in NEO/BTC and NEO/ETH it will be a good buy.If break down I would be scared
Note
against Dollar. we are in the middle of a big channel, at end of a Little descending wedge. From here it goes up (probably) . If it come out of the big channel, it will Encounter a strong resistance around 90 Dollars (line coming from the two shoulders). Broken this line it have space .. 120 or more.
If it break the ornage line it could go down seriously till 42 dollars
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.