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SijanC147
Jan 23, 2018 12:53 PM

Possible bounce back for NEOUSD? 

NEO / DollarBitfinex

Description

Following the breakdown from that triangle pattern, the pattern height tells us that this could be the new local low for NEO.

Still waiting for a proper buy signal, the market has definitely lost steam from its last bull run and needs higher volume levels, and ideally breaking back through those higher fib levels.

Lines in red are the next support zones in the event of NEO breaking down even further.

As always this is not financial advice.

Still new to this so I'd appreciate any input.

Thanks & happy trading!

Comments
hoddler
ALT/USD chart analysis dont make sense to me.

bitcoin falls = alt falls
bitcoins rises = alt risis

analyse the alt/btc chart, thats what counts
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