Lets see how it will play out 2 scenarios a head. We might have one of these channels, one can go further bearish and one shows its the dip. Glassnode NUPL shows we will probably have a suckers rally and a 9 consecutive red bars on a weekly chart is a TA go for long at least for short term. Later it all depends on FED
Lets see if my guess plays out... Not a financial advice just a gut feeling from my previous experince mixed with some TA
NFA, flm looks quite bullish with the falling wedges around
I see NEO price will be bullish in the near future, it is not a dead project. An alive project with a lot of development going on. They have an incredible virtual machine which enables coding on multiple programming languages, C, C Sharp, JAVA, GO ...
We will visit 52-53k soon, but there are a lot of resistance due to fib levels, the trendline which brings us from 28.000 usd to 69.000usd. At that point I expect another fall towards the same point 42k-39k. From there we will make the final moonshot and welcome the bear market.
Weekly close at 42k , will break a strong RSI uptrend since the Covid started. If the level breaks, the possible buy in could go as low as 18k, regarding the CME gaps. There is also another gap at 52K which is likely to get filled this week.
LOL, cme gaps will be filled. 52K sell, and then look for a dip to buy in around 43k, 32k