Technical analysis: . NEO/BITCOIN is in a downtrend and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 35. . While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue . Trading suggestion: . There is a possibility of...
Neo is on breakout at shorter time frames, for bigger times to break it need retracement and then it will go Kaboom. Red Lines are potential buy zone and Green lines on smaller time frames shows potential targets. I am neutral on it for bigger movements. Thanks Chakshu Goel T.me/cryptoupcomingnews
Technical analysis: . NEO/BITCOIN is in a downtrend and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 30. . There is a valid and clear divergence in the price chart so the probability of the beginning of uptrend is increased. . While the RSI and the price downtrend in the Daily...
the RSI is oversold.Its at a fib level.
we can see the RSI bullishly divering , and the moving averages making a golden cross. this is considered bullish.
Short NEO as it broke the short term downtrend line shown in purple, signaling more bearish sentiment. 1)The immediate support range will be 78.6% Fib. Retracement level and the 0.004496 BTC level. These will act as major support. 2)Neo is in a major downtrend since February as shown by the downtrend channel in sky blue. 3)Major resistance range will be...
NEO/BITCOIN New trading suggestion: *The price is in an up trend and we forecast the uptrend would continue. *There is still possibility of temporary retracement to suggested support line (0.0078), if so, traders can set orders based on Price Action and expect to reach short-term targets. Entry signal: Signal to enter the market occurs when the price...
$NEO - Couple of bear flags formation but bollinger band and short interval oversold RSI show a positive movement from here.