* Previous candle closed Bullish Engulfing
* Price wicked down to support/closed above bollinger bands.
* Bullish divergence on RSI
* MACD about to cross over
ENTRY SIGNAL;
I would look to enter once we close over short term resistance, which will also close over the middle bollinger band. Then we should look to retest 11.6k sats and take profit for a 7% gain....
ANALYSIS
This is a risky trade as NEO is in an overall downtrend (since February) and we are looking to trade against that.
Price has dropped down to a level of support and the RSI is currently at 38 and looking oversold.
ENTRY SIGNAL/TAKE PROFIT TARGET
I would look to enter after the 4hr candle closes Bullish engulfing.
Take profit would be just below previous...
