NEOBTC short-term opportunity

15 janv. 2022

A classic divergence setup on the hourly chart of NEOBTC: price was making higher highs, while an oscillator (commodity channel index, CCI) was making lower highs. A clear sign of a trend reversal.
RSI was making higher highs, so that's not supporting the divergence idea, but it is increasingly overbought and this is of course an additional sign for a reversal.
The current daily pivot point is yet untouched, so I think this is a perfect profit target for going short on NEOBTC.

17 janv. 2022

Trade fermée: cible de profit atteinte

Profit target was reached as predicted. Direct hit :-)