NEOUSD | Classic Accumulation Structure
Hey what's up everyone, I am taking a trade on NEOUSD. It has been showing signs of accumulation putting in higher lows and just got back above the inflection zone. Half of the major alt coins are showing an inverse head an shoulders locally where they made a lower low on Feb 24th than they did on Jan 24th and the other half like NEO and XTZ made a higher low on Feb 24th and are currently pivoting creating their 3rd consecutive higher low. That slight out performance is a pretty nice indication they could outperform on the way up if the trade plays out. The weekly chart on NEO is pretty insane looking, you can see the historical price action when this asset get above that inflection zone. It can make some pretty huge moves. There is also the daily hidden bullish divergence on both oscillators implying a continuation to the upside as well as standard weekly class A macd bullish divergence with the positive momentum starting to build on the weekly for the first time since May 2021. Targets are as followed, $36, $47, and $55
Much Love Just.IN
NEOUSD
Much Love Just.IN
NEOUSD
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