What's coin on guys?
Same as ETH, NEO is facing downtrend resistance on a higher time frames. Resistance is also visible on RSI from 28.4.2018. On a smaller time frame like 1h, RSI is showing bearish divergence. I think correction in this area is very likely to happen any moment now, even if NEO decide to break trough this resistance, I think we will see some kind of retracement first. Watch out for bull traps slightly above trend line resistance. What I think will happen is downtrend continuation from this point, but anything can happen if volume kicks in! Anyway, this is not the smartest level to buy NEO.
***Once upon a time there was a huge wick at the level of $3.72.
Same as ETH, NEO is facing downtrend resistance on a higher time frames. Resistance is also visible on RSI from 28.4.2018. On a smaller time frame like 1h, RSI is showing bearish divergence. I think correction in this area is very likely to happen any moment now, even if NEO decide to break trough this resistance, I think we will see some kind of retracement first. Watch out for bull traps slightly above trend line resistance. What I think will happen is downtrend continuation from this point, but anything can happen if volume kicks in! Anyway, this is not the smartest level to buy NEO.
***Once upon a time there was a huge wick at the level of $3.72.
Nota
2h time frame Nota
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.