HyperionAllied

NEO/BTC Approaching Huge Bounce Zone

Alış
BINANCE:NEOBTC   NEO / Bitcoin
NEO/BTC on the daily chart.

Huge descending wedge where we may see a huge bounce at its apex off the green support line. This is a significant support as we originally bounced off it to start the massive run last year.

In saying this i do not expect a breakout from the wedge until at least a week as we have a decent bit more to drop to the green support line.
REASONS:
- Volume has not declined enough to convince me of the adequate decline of sellers to start a breakout (this is typical in descending wedges).
- RSI is forming a bearish ascending wedge in neutral territory and is currently at support.
- Mini bear flag forming within the wedge

I will be buying around the green line region with a S/L a little below the green support line.



Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.