NEO has a number of hurdles to overcome as we recently observed a strong rejection when it hit the first major resistance. However the 2nd attempt was not taken as a strong rejection so it will soon be overcome to go to the next resistance. Depending on the volume follow through, it can either break past the next resistance (red lines) at 19.33 easily or get pushed back. It really depends on BTC pairing as well. We need to keep an eye on the hrly and 4 hrly candles.
At this point, I am holding because I got this far. If you potentially missed out on the cheap ETH and its good performance, now might not be the time to flip it. Why ? its good to have both so you don't have all your eggs in the one basket. RSI also doesn't suggest its over bought.
Volume is not the best or bad, in the middle suggesting most likely people are occupied with other alt coins.
At this point, I am holding because I got this far. If you potentially missed out on the cheap ETH and its good performance, now might not be the time to flip it. Why ? its good to have both so you don't have all your eggs in the one basket. RSI also doesn't suggest its over bought.
Volume is not the best or bad, in the middle suggesting most likely people are occupied with other alt coins.
Komentarz:
A descending triangle is when the upper trendline is sloped downward, while the bottom trendline is horizontal. We see this with the 1hr chart and a potential upward breakout. HODL.
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This community has signals now but with no risk management comms.
