NEOBTC Potential short position.

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.

Kommentera:

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 :)

Kommentera:

Re - entered at 0.012350
Neo growth appears strong and healthy.

I still expect a pullback but currently it's too risky.

Kommentera:

Broke out and his 0.014000 resistance. Now consolidating as BTC is moving.