NEOUSD 1D symmetric triangle & CCIDivergence

3 thg 10, 2017

NEO has some cool features and other advantages that are missing in Ethereum - and it shows some interesting chart formations on the daily chart.
There is a symmetric triangle that can be seen as a trend continuation pattern. Since price was in an uptrend when the pattern formed, probability is high that the uptrend will continue when Price will break-out of that Pattern.
But before the trend will continue, the Price might fall: there is a strong Divergence of Price vs. the Commodity Channel Index (CCI). Price was already falling but might drop even further, before in early November the break-out might happen.