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NEO - New uptrend! Huge falling wedge is breaking out! + RSI DIV
NEO / TetherUS
Long
NEO - New uptrend! Huge falling wedge is breaking out! + RSI DIV
By UnknownUnicorn2537518
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Jul 17, 2022
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Jul 17, 2022
On the daily chart we can see a massive falling wedge - bullish reversal pattern!
Also we have a second local blue falling wedge, so the probability of a successful trade is higher.
If we take a look at the RSI indicator we can spot a bullish divergence with higher lows, definitely another positive sign.
Regarding my analysis of Elliott waves, the major impulse (5-3-5-3-5) has been definitely completed successfully!
We have a great confluence to open a long position here.
Look at my ideas about interesting altcoins in the related section down below ↓
For more ideas please hit "Like" and "Follow"!
Bullish Rectangle
Descending Channel
Descending Triangle
Elliott Wave
Falling Wedge
NEOBTC
neousd
NEOUSDT
Support and Resistance
Trend Line Break
Volume
Zigzag
UnknownUnicorn2537518
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