Neo's fight to break the downtrend

Despite a massive nice jump today NEO is still in a downtrend. It is currently respecting the fib levels nicely, however the pitchfork shows it still wants to move down. It broke above the resistance of the pitchfork briefly probably due to momentum. Chances are whichever direction it breaks out of the channel next is the direction we are heading.

Happy trading.

Nota

If you expand the bottom blue line (resistance) we are looking bullish. Will update again in a few hours hopefully.

Nota

Looking good.

Nota

Still fighting, not much movement towards a breakout.

Nota

Still moving down, no signs towards a breakout.

matthewkatz72

Declinazione di responsabilità

Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.