Neo / Bitcoin

Bling Blaow, Neo Human Behavior on point!

快照
Daily
Looking at our trend timeframe we see price has retraced about 60% since making it’s run from 200000 satoshis in January up to 1400000 satoshis back in February. NEO has been in a bear market since. Potential double bottom formation off dynamic support. Stochastic RSI showing momentum has nearly bottomed out.

快照
4Hour
Shifting over to our pattern timeframe we see price has formed a double bottom @ 720000 satoshis, a 4hour close above 770000 activates our trade. Stochastic RSI showing momentum is bullish.

Conclusion
Wait for a 4hour close above 772500 satoshis for an entry, otherwise expect a drop towards 700000

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