UnknownUnicorn2091450

$NEO $NEO.X - NEO, struggling. 1 Day Binance

BITTREX:NEOBTC   Neo / Bitcoin
Neo is struggling to break 1276 Fib line bouncing back and fourth. MACD is negative, RSI is flat and the 5 day is trending down. Overall NEO is in a down-trending channel. The next two days will tell a lot as NEO will hit the trend wall and may continue down the channel or if we get the necessary volume, may break through it. The only saving factor is the Bollinger bands. They are squeezing, becoming more narrow they become the better chance for a breakout. Again hard to determine a good buy in until we see which direction in the channel NEO goes.
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