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NEOBTC trade ideas

NEOBTC BULLISH DIVERGENCE !?Hello Traders! Today’s update will be on NEOBTC, potential bottom and bullish divergence! Points to consider, - Overall trend is still bearish - Next major resistance is at .50 Fibonacci Retracement - RSI respecting uptrend (Need third touch to confirm) - Stochs showing upwards momentum - Volume declining - EMA giving price resistance currently NEO could be putting in its bottom after breaking its major structural support; the trend is still quite bearish, however we do see a potential bullish divergence The EMA’s are currently giving price resistance, bulls need to cross the EMA’s bullish for the divergence to be intact, with the volume being low, we need to see it increase for confirmation… The stochastics is showing further upwards momentum, this is quite bullish as it goes hand in hand with the RSI’s recent developments… What are your thoughts on NEOBTC? Is this a bullish divergence in fruition? Please leave a like and comment And remember, “If you can learn to create a state of mind that is not affected by the market’s behavior, the struggle will cease to exist.” – Mark Douglas
by AzizKhanZamani
NEOBTC Potential Ascending TriangleHello Traders, Welcome back to another chart, today's chart will be on NEO, formerly known as Ant-Shares, surely a re-brand back? Points to consider, - Price testing resistance zone (Red Zone - .382 Fibonacci Zone) - RSI bouncing of overbought region - Stochs showing downwards momentum - EMA's action as support for price at current given time - Volume is near to none --> Below average - VPVR is showing low volume of transactions between current resistant zones NEO could be forming a potential Ascending Triangle which is technically a bullish formation, however this needs to be confirmed with a third touch on the support line. NEO is more probable to retrace from this zone as the RSI is coming of overbought regions, with the stoch's showing downwards momentum, a retracement to the support line is highly probable. If and when NEO breaks out of this current resistant zone, we may see a retest of the .618 Fibonacci Zone quickly as VPVR is showing significantly low volume of transactions between the two zones.. What are your thoughts? Please leave a like a comment and remember "There's no such things as a free lunch"- Milton Friedman
Long
by AzizKhanZamani