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NEO: Analysis using Ichimoku 06/06/2020

Long
NEO (BITFINEX:NEOUSD)  
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BITFINEX:NEOUSD   NEO
Trend Analysis Chart Patterns Technical Indicators NEO neousd neoshort neolong neousdlong NEOUSDSHORTS
97
0
trendanalysis chartpattern indicator neo neousd neoshort neolong neousdlong neousdshorts
H4
A rising channel is visually recognized, the borders of which the price is currently testing.
The NEO price is trading on the Ichimoku cloud, indicating the presence of a local correction.
RSI is directed towards to level of oversold.
Conclusion:
We recommend buying from a key support level of Fibonacci 50%.
H1
The price is trading below the Ichimoku cloud, indicating the zone of the possible completion of the correction.
RSI is overbought, indicating sellers are weak.
Conclusion:
We recommend buying from a key support level of Fibonacci 50%.

Good luck!

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