Simple long opportunity on NEO, if market remains bullish.
Loss of daily 20MA support (blue) is bearish signal.
Loss of channel confirms bearish continuation.
Break above channel median (dotted line) is bullish signal.
Break above channel is confirmation of bullish reversal.
Ultimate target should be daily 200MA (red), should be reachable if we clear daily 100MA (purple).
Happy days!
Loss of daily 20MA support (blue) is bearish signal.
Loss of channel confirms bearish continuation.
Break above channel median (dotted line) is bullish signal.
Break above channel is confirmation of bullish reversal.
Ultimate target should be daily 200MA (red), should be reachable if we clear daily 100MA (purple).
Happy days!
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I am waiting to see how BTC closes today before making a decision.
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Could be a slight pullback to approx. $19.6 today. Might make a good entry point.
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NEO broke the median signalling bullishness. I will look for entry around $20.
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Channel broke down. Ded
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