Just some simple technical analysis using trend lines, and RSI to gauge the next buy area, and sell area for Neo. Let's see how this plays out.
Btc is traveling through a bullish channel currently. Looking to hit either the middle of the channel or lower channel, and bounce back up.
Overall Big picture shows we are in a descending pennant. We are starting to squeeze in the end of the pennant, where we should see a move up/down with very much needed volume to start the cycle of the next pattern.
This is a short term view of Bitcoin's direction based on my analysis using the Fibonanci retracement tool from the previous all time high, and the low of the retracement which fell to approximately $5800. I also am showing previous decending trend lines on the chart which Bitcoin had broke out of to show signs of bullishness. With horizontal lines shown where key...
This is a short term view of Bitcoin's direction based on my analysis using the Fibonanci retracement tool from the previous all time high, and the low of the retracement which fell to approximately $5800. I also am showing previous decending trend lines on the chart which Bitcoin had broke out of to show signs of bullishness. With horizontal lines shown where key...
I believe ethereum has a strong support building between 220's to 230's. We should be seeing Higher highs, and higher lows to make a move to 250's. This week should open up new levels of support/resistance zones.