NEO: Analysis using Ichimoku 06/06/2020
H4
A rising channel is visually recognized, the borders of which the price is currently testing.
The NEO price is trading on the Ichimoku cloud, indicating the presence of a local correction.
RSI is directed towards to level of oversold.
Conclusion:
We recommend buying from a key support level of Fibonacci 50%.
H1
The price is trading below the Ichimoku cloud, indicating the zone of the possible completion of the correction.
RSI is overbought, indicating sellers are weak.
Conclusion:
We recommend buying from a key support level of Fibonacci 50%.
Good luck!
A rising channel is visually recognized, the borders of which the price is currently testing.
The NEO price is trading on the Ichimoku cloud, indicating the presence of a local correction.
RSI is directed towards to level of oversold.
Conclusion:
We recommend buying from a key support level of Fibonacci 50%.
H1
The price is trading below the Ichimoku cloud, indicating the zone of the possible completion of the correction.
RSI is overbought, indicating sellers are weak.
Conclusion:
We recommend buying from a key support level of Fibonacci 50%.
Good luck!
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.