NEO was rejected at the 0.382 Fib from his last down downtrend wich started early july. It also coincides with the Moving Average (25) and the 60 (bullish zone) on the RSI. The Stochastic RSI is also oversold since bearly three weeks, it also just made a downward crossover wich indicate it's about to correct. These are all very bearish signs when associated with that massive engulfing bearish candle wich is currently engulfing the 3 last candles and could the sign of a downtrend starting. That engulfing bearish candle is also present in most of alts and in the BTC USD. For NEO let's see if the price hold's up in the 20-21$ dollar zone, and what happens with the rest of the market. If it breaks that zone I will be selling and looking for a buy back.
Kommentera:
The Stochastic was Overbought*