Short term target: 70usd End of cycle target: 200usd?
From neutral to bullish on bch, accumulation phase has started.
20 EMA (D) + Downtrend channel + 9k Resistance. If BTC break those resistances with enough volume our next target is 12k (2nd downtrend channel + 12k Resistance).
We could see short term bounce if the inverted h&s is completed. However there is strong resistance at 9500 (last lower high and top of the downtrend channel) but weak support at 8000 (last lower low).
Possible scenario for NEO in 2018, we will see another run up after some consolidation.
I'm still bullish because lower lows still do not appear on the big picture so I assume that we are in a bullish scenario until the graph shows otherwise. Key levels at 5300, 5150 & 5000.
Pay attention to the daily candle, it could close bullish. Hammer or doji? what do you think. Good luck!
Bullish candle coming, pay attention. Good luck!
1000, 2000, 3000, 5000, 8000, 13000, 21000 ...