DU09

NEO/USD - Rejected by resistance, reload lower

Singkat
BINANCE:NEOUSDT   NEO / TetherUS
NEO hit the resistance at $25 and is now correcting lower. Targets are on the chart and the current bias is bearish until we touch the support line at $20 or $17.

Indicators are also curving for a correction, therefore, do not long this chart. Wait for support to be established.

On the weekly Neo is looking good with a first target at $50. I also see a large wedge forming, therefore we may have a more sustained correction after we hit $50.

Long term bias is bullish.

Like and follow.

📣 Find more Alpha by joining Your Crypto Community 🔰 LINKs BELOW 🔰

🔹 Over 5,000 members!
🔹 Real trades & wins explained
🔹 Trading ideas, crypto trends & alpha

Likes and follows appreciated! 🚀
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.