NEO has had a hard pullback.
4 Hrly chart indicates we have had higher lows and is bearish.
However we have not hit the peak resistance for this period of bull run which is above 20 but lower than 21.
The volume has dropped off the green candle sticks probably because its a weekend.
Next week will be volatile and it will be interesting to see if we hit the peak on the RSI charts for the sell off or lows for another entry.
4 Hrly chart indicates we have had higher lows and is bearish.
However we have not hit the peak resistance for this period of bull run which is above 20 but lower than 21.
The volume has dropped off the green candle sticks probably because its a weekend.
Next week will be volatile and it will be interesting to see if we hit the peak on the RSI charts for the sell off or lows for another entry.
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Neo overall view and how support and resistance lines have been placed.
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More details
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NEO completed the cup and now waiting on the handle, then enter the buy.
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Without putting words to the analysis, here is my full detailed chart.
It takes into account, candle sticks,EMA's, RSI, MACD, Cup and Handle and Fib charts
It takes into account, candle sticks,EMA's, RSI, MACD, Cup and Handle and Fib charts
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With the bearish trend for BTC > Neo forecast
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Note we have a double top, hence the assumption that this pattern is true, we will see the drop to the 17.66 support line as well as confirming the RSI is below 55%
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Come to think of it, the other possibility and more likely is a HS
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This community has signals now but with no risk management comms.
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
