Hello Traders,
I will keep this short and simple.
From the above chart, it looks like NEOBTC is in a falling wedge, and we can see a little bounce on the daily candle. Most likely this will play out our way and continue going up to the blue targets, unless BTC comes and plays its card.
But plain and simple, RSI is pretty low at the moment (31.7), which means the coin has been oversold on the daily chart. The indicators are hinting an uptrend from here.
Get your best entries in, and make sure you put your stop-losses below the support line of the falling wedge. Do your own research before entering a trade. Once you are satisfied and agree with my idea, then enter.
Comment below if you have any questions. I am always here to help.
Happy Trading!
I will keep this short and simple.
From the above chart, it looks like NEOBTC is in a falling wedge, and we can see a little bounce on the daily candle. Most likely this will play out our way and continue going up to the blue targets, unless BTC comes and plays its card.
But plain and simple, RSI is pretty low at the moment (31.7), which means the coin has been oversold on the daily chart. The indicators are hinting an uptrend from here.
Get your best entries in, and make sure you put your stop-losses below the support line of the falling wedge. Do your own research before entering a trade. Once you are satisfied and agree with my idea, then enter.
Comment below if you have any questions. I am always here to help.
Happy Trading!