Hello Viewers.
As we have seen some tremendous Breakouts from many of the coins in this Bull Market Phase. Neo is ready to generate its new cycle pretty soon as the chart depicts that the Price action has been supported by the 20 EMA, 50&100 Ma, and now testing the 200 MA as dynamic resistance/support.
If we see S/R flip on the 200MA and therefore penetrating the 2 Years Main Trend Line, we can assume a Breakout eventually to about Levels marked as Potential Zones on the chart.
Losing the 200MA we can figure some more consolidation between tht MAs.
Triple Bottom can also be detected on the LTF.
Enjoy!
Stay Tuned!
As we have seen some tremendous Breakouts from many of the coins in this Bull Market Phase. Neo is ready to generate its new cycle pretty soon as the chart depicts that the Price action has been supported by the 20 EMA, 50&100 Ma, and now testing the 200 MA as dynamic resistance/support.
If we see S/R flip on the 200MA and therefore penetrating the 2 Years Main Trend Line, we can assume a Breakout eventually to about Levels marked as Potential Zones on the chart.
Losing the 200MA we can figure some more consolidation between tht MAs.
Triple Bottom can also be detected on the LTF.
Enjoy!
Stay Tuned!