NEOBTC - LONG
NEO formed a tweezer bottom/bullish harami on the daily time frame. It's also broken a major trendline, having closed above it and retested it as support on the 1h time frame. If this bullish advance is confirmed (requires a break and close above the 0.0103 level) then we should see a rally up by NEO within a rising wedge which will culminate in a correction. The break above the 0.0103 level is of major importance as if that occurs then a bullish engulfing candle may be in formation on the daily time frame.
For now be conservative on your long calls. There has been no bullish confirmation upon retest of TL as support (on the 1h/4h time frame) and price requires enough volume to break through the next level of resistance.
For now be conservative on your long calls. There has been no bullish confirmation upon retest of TL as support (on the 1h/4h time frame) and price requires enough volume to break through the next level of resistance.
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