travislester37

(NFA/DYOR) NEOUSD poised for a healthy consistent run?

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Here we see NEOUSD appearing to gear up for a decent run. Nothing sudden, but a strong and steady bullish trend looks to be in the works. We see this behavior reflected in the MACD and the RSI. There's a golden cross of the 12 and 25 SMAs recently as well. I tend to use On Balance Volume to gauge the strength of trends, and the line has held steady for a while now, so I'm gathering that this is a fairly strong, fairly healthy trend. I would feel better if we had consistently more daily trading volume, but otherwise this looks solid. Support lines are green, resistance lines are red. Let me know what you think.

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