NEO's HEAD AND SHOULDER :) TECHNICAL ANALYSIS

in #bitcoin7 years ago (edited)

I saw this pattern i think 10:00 am to 11:00 am (Philippine time) drawn it in a hourly time frame.

Now it's trading near the neck line of the pattern and i think it will bounce off on that area.

What made me think it will bounce/hold that area?

  1. 3 overlapping support
  2. The bull still has its pressure. buying the dips
  3. And lastly the 38% fib retracement level just beneath the 0.01050 support

CAUTION:
MACD has a bearish signal

What do you guys think about NEO?
will it hold that SUPPORT?

Comment down below let me know what you think about it.
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If this post helped you in your trading comment down below and let me know if you want me to do more technical analysis of other alt coin :)

*this is not a financial ADVICE.

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