NEO (NEO/BTC) + BTC/ETH/LTC Technical Analysis!

in #cryptocurrency6 years ago (edited)


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Neo Update.png

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Daily

Looking at our trend timeframe we see price has retraced about 60% since making it’s run from 200000 satoshis in January up to 1400000 satoshis back in February. NEO has been in a bear market since. Potential double bottom formation off dynamic support. Stochastic RSI showing momentum has nearly bottomed out.

NEO 4.png

4Hour

Shifting over to our pattern timeframe we see price has formed a double bottom @720000 satoshis, a 4hour close above 770000 activates our trade. Stochastic RSI showing momentum is bullish.

Link To Chart

Conclusion

  • Buy: Wait for a 4hour close above 772500 satoshis for an entry, otherwise expect a drop towards 700000
  • Sell: NO

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Disclaimer: I am not a financial advisor nor am I giving financial advice. I am sharing my biased opinion based off speculation. You should not take my opinion as financial advice. You should always do your research before making any investment. You should also understand the risks of investing. This is all speculative based investing.


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