. NEO/DOLLAR is in a downtrend but the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 56.
. The RSI downtrend #1 & The price downtrend in the daily chart are broken, so the probability of resumption of uptrend is increased.
. We have already...
The price of NEO has been really down, even in compare to other assets. It is actually on the very same level where all the hype started in november!
Since the break the price is moving in a perfect downtrend channel (on a log scale, if you´re watching the usual one, it is a falling wedge). At the moment we´re very near the support line.
So the scenario I await...
.NEO/DOLLAR is in a Range Bound and Beginning of up trend is expected.
.The price is below the 21-Day WEMA which acts as a dynamic resistance.
.The RSI is at 39.
There is a possibility of temporary retracement to suggested support zone (60.00 to 44.00). if so, traders can set orders based on Daily-Trading-Opportunities...
I am focused heavily on NEO. Margin trading + hodling.
I will aim to update NEO ideas every 3-5 days & will update with comments on current daily.
No shills, no frills, just what I am doing. (Check previous graph for validation of neo calls so far)