NEO / TetherUSGüncellendi NEO! Needs to dip but still sizeable profit ahead!!
Hello Traders,
Looking at the 4 hour chart for NEOUSDT, NEO just bounced at one of the major resistances ($80).
I expect NEO to go side way movements or maybe dip a little bit in next few days and here is why.
Reason 1: Potential Inverse head and shoulder patterns
If this is the case, then NEO needs to form the right shoulder. 23.6% retracement is acting a good support so far, but I want to see it to dip to 38.2% retracemenet, where EMA200 is.
Reason 2: Huge selling volume and potential bear flag
This is pretty much self-explanatory. If you see huge selling volume followed by low buying volume and formation of bear flag, this is usually the indication that price will fall.
For those reasons, I will not be surprised that NEO will go back $70 in next few days. My next targets for NEO are
1) $90
2) $100
3) $120
Happy trading!!
Looking at the 4 hour chart for NEOUSDT, NEO just bounced at one of the major resistances ($80).
I expect NEO to go side way movements or maybe dip a little bit in next few days and here is why.
Reason 1: Potential Inverse head and shoulder patterns
If this is the case, then NEO needs to form the right shoulder. 23.6% retracement is acting a good support so far, but I want to see it to dip to 38.2% retracemenet, where EMA200 is.
Reason 2: Huge selling volume and potential bear flag
This is pretty much self-explanatory. If you see huge selling volume followed by low buying volume and formation of bear flag, this is usually the indication that price will fall.
For those reasons, I will not be surprised that NEO will go back $70 in next few days. My next targets for NEO are
1) $90
2) $100
3) $120
Happy trading!!
İşlem aktif
Not
$70
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.
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.