Neo / BitcoinLong
NEO about to break out
- Strong Week For NEO
- Strong resistance at 0.00475BTC, tested three previously this week, finally broke above and back down to test
- Strong Support at 0.0037 BTC, this gives about 20 % risk
- Cup & Handle ( Although shallow) formed, clearer on zoomed in 4 hr chart and 45 min chart
- MACD is showing divergence
- RSI indicating overbought, but coming down
- Volume is Picking up
Could be a potential for another breakout for NEO, there is a 20% risk here to next support line, if it falls below that could begin a potential short, but I don't think its likely.
NEO I think will be a strong choice going into 2018, could see another run up before the new year and lock in a solid coin.
- Strong resistance at 0.00475BTC, tested three previously this week, finally broke above and back down to test
- Strong Support at 0.0037 BTC, this gives about 20 % risk
- Cup & Handle ( Although shallow) formed, clearer on zoomed in 4 hr chart and 45 min chart
- MACD is showing divergence
- RSI indicating overbought, but coming down
- Volume is Picking up
Could be a potential for another breakout for NEO, there is a 20% risk here to next support line, if it falls below that could begin a potential short, but I don't think its likely.
NEO I think will be a strong choice going into 2018, could see another run up before the new year and lock in a solid coin.
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