Bearish divergence. A hanging man candle. Overbought on the RSI and outside of the linear regression channel. Potential retrace to the solid support at the .50 fib and then a continuation to the median of the channel? Just putting my thoughts down on paper as I am new to analysis. I am not an expert. Just studying charts.
Looking for an entry point for NEOBTC. Current trend is following the pitchfork channel. Working on my TA and like the longterm prospect of NEO. More info in the text boxes. Thinking resistance is at that area in the box, will trend sideways towards the cloud then reverse course. Directional Movement Indicator matching up with Ichimoku pretty well here.
I think I'm a little late to the OMG party but looking for a potential buy in opportunity. I'm also new to TA and trading. Looking for feedback and thoughts.
