NEO is moving in a strong wedge, has the hit the trend line two times and is attempting a third breakthrough. If attempt fails i expect a retest of the lower trend line.
RSI showing oversold on both the 4hr and 1hr charts.
Potential re-entry point 0.011500 Sats
Not financial advice.
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1 day chart is still looking very bullish and definitely has more upward momentum.
I am very new to TA and as way to better understand and learn. I will be sharing my ideas.
Enjoy :)
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Re - entered at 0.012350 Neo growth appears strong and healthy.
I still expect a pullback but currently it's too risky.
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Broke out and his 0.014000 resistance. Now consolidating as BTC is moving.
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