NEOUSD is in triangle now. But when it break 29$ in past days it confirmed its down trend. RSI is good now. It might break its triangle to up. If it can it will try 29$ resistance. If it can not 15$ support is important.
Green RSI line holds little weight. Ignore for the most part.
Buy on and RSI break, assuming MACD is give a zero crossing signal at the same time of signal crossing near the zero line. Volume should confirm any breaks on RSI or price action breakout.
Neo/usd took a huge fall from the News from china.
Look for traders to go long on neo.
-Harmonic pattern forming in area. Multiple
-Revisit of previous structure.
-Trendinline as well
Neo has not dropped to 10$ a share
Easy crypto signal.
Green line shorter term long uptrend signal.
Red line shorter term downtrend signal.
Green dots longer term uptrend signal.
Red dots longer term downtrend signal.
For more volatile price action you need to go to lower time frames.
Neo has tested support a number of times, and it looks like it's not going to hold. If it breaks further down consider the next demand zones as places to pick up some more (aggressive - first demand zone, more conservative - second demand zone). Happy Labor Day everyone!
Some have been asked me to analyze NEO as if I held any substantial amount of the asset. Here is how I would play the correction: Firstly, after touching a key fibo level, I would short the market at $41 - $43 as a primary profit taking point (DONE). I would then decide to short (OR NOT) the rest of my position at the secondary profit taking point (UPCOMING). The...
Like in the movie The Matrix. NEO will follow the whte rabbit.
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This could be the point where NEO begins to make its way to a Higher High. Price has retraced to the point where we make pick up some Bulls the TL and the 50% retracement level. The second leg of the retracement + the first leg down 'Symmetry'. If we break this area price may head to a deeper level.
Please use caution when you trade - the plans I create...
