NEO / BitcoinLong
Neo breackout?
Updated
Hello everybody, i did a little charting on NEOBTC i have to say : i am not a pro, this is pure speculation!
We had a nice run up and now facing the resistence level of the previous structure high and around the 1.168 extension of the impulse leg and we got a clear price deviation of the 200-ema so i think we will have a small pullback as some traders wil be taking some profits.
the RSI also picking up steem as it makes higher lows and the highs are closer to the 70% level
I think we have to look out for a bullish candle stick pattern on the 200-ema or at the 0.007893 Support line for a buy signal and might be interested in taking profits at the 2.618 or 4.618 fib extencions.
If we break below the 7893 Support line i think we might can see lower lows.
Please let me know what you think!
Have a nice one!
We had a nice run up and now facing the resistence level of the previous structure high and around the 1.168 extension of the impulse leg and we got a clear price deviation of the 200-ema so i think we will have a small pullback as some traders wil be taking some profits.
the RSI also picking up steem as it makes higher lows and the highs are closer to the 70% level
I think we have to look out for a bullish candle stick pattern on the 200-ema or at the 0.007893 Support line for a buy signal and might be interested in taking profits at the 2.618 or 4.618 fib extencions.
If we break below the 7893 Support line i think we might can see lower lows.
Please let me know what you think!
Have a nice one!
Trade active
Price seems just hit the 200vwma and it seems it supports that price, i am in!!!hope everything plays out well!
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