NEO Ascending Channel With 111.1% Potential Profits

8 Mei 2020

We are looking at NEOBTC on the daily (D) timeframe.

• Prices started to grow in late October 2019 for NEOBTC.
  
• A peak was hit in February 2020.
  
• After the peak, a strong correction took place.
  
• Prices stopped correcting when they hit support (the 0.786 Fib. retracement support relative to the last bullish wave).
  
• Bullish divergence can be spotted with the MACD and RSI.
  

If prices for NEOBTC can stay above 0.001000, the first green arrow can easily be followed (strong growth).
Breaking below this same level,0.001000, can send prices lower.
In the case the latter scenario comes true, we remain bullish after the drop (2nd green arrow).

Thanks a lot for reading.

Namaste.