Rounded Bottom Breakout
Neo technically needs a close above $85 to be considered a breakout of this rounded bottom/inverse head and shoulders neckline.
Volume is already set to be huge at closing time as we are only half way through the day's trading hours.
Target Price of $116
RSI still in fair territoy.
Warning, always be cautious of BTC trade action.
Please throw me a follow if my chart has helped you.
Much Appreciated,
AJ
Neo technically needs a close above $85 to be considered a breakout of this rounded bottom/inverse head and shoulders neckline.
Volume is already set to be huge at closing time as we are only half way through the day's trading hours.
Target Price of $116
RSI still in fair territoy.
Warning, always be cautious of BTC trade action.
Please throw me a follow if my chart has helped you.
Much Appreciated,
AJ
Trade active
Only 12 hours later and Neo at key resistance level of $92+ from $85 breakout. High, high volume. Keep an eye on this one and be prepared to take profits if needed.
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.
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.