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.
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.
Penafian
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