NEO \ BTC falling wedge in a downtrend? maybe...
NEO\ BTC
Analyzing NEO BTC (bitance) chatd we see a very very long downtrend from April (0.009 BTC) to August 2018 ( 0.0024 BTC)
On september NEO broke downtrend and has entered in a falling wedge triangle where now we are in.
Falling wedge in a downtrend is a bullish signal so we expected IF NEO dont broke lower support a testing in area 0.003100 BTC
IF NEO broke down support.. well... there's no other support... free fall to hell.
MY PERSONAL TRADE (it's only my personal trade not a suggestion!!)
please fell free to comment below.
Thank's.
F.E.
Analyzing NEO BTC (bitance) chatd we see a very very long downtrend from April (0.009 BTC) to August 2018 ( 0.0024 BTC)
On september NEO broke downtrend and has entered in a falling wedge triangle where now we are in.
Falling wedge in a downtrend is a bullish signal so we expected IF NEO dont broke lower support a testing in area 0.003100 BTC
IF NEO broke down support.. well... there's no other support... free fall to hell.
MY PERSONAL TRADE (it's only my personal trade not a suggestion!!)
- ORDER LIMIT:
BUY ORDER if price reach 0.001635 SAT (now 0.001623 sat) i'll lower this entry point every 5 sat (0.001630 when reach 0.001618 and so on)
please fell free to comment below.
Thank's.
F.E.
Comment:
black line seems to be new resistance... bad situation if confirmed