parissap

NEO at lower line of ascending channel

Long
BINANCE:NEOUSDT.P   NEO / TetherUS PERPETUAL CONTRACT
#NEO/USDT
$NEO hold the lower lone of ascending parallel channel.

🐮 price can head up to middle line of channel that is the same with resistance zone between 0.5 and 0.618 fib levels of last swing down.

break out from upper line will increase price to resistance zone between $35 and $40

🐻 rejection from middle line of channel can drop price to lower line again and break down from lower line will decrease price toward $17 and $14.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.