InvestingScope

Triangle keeping the price neutral. Bearish confirmation upon su

Short
NEOUSD is stalling the downtrend indicated by the underlying long term bearish trend on the 1W Channel Down (RSI = 37.081, MACD = -11.565, Highs/Lows = -4.0555, B/BP = -14.5653) as a 1D Triangle (RSI = 45.534, STOCHRSI = 47.026, CCI = -19.7242, Highs/Lows = 0.0000) is supporting the price above 16.00. This is the support we are looking to cross, and a break-out is confirmation of the downtrend. Our TP remains 8.78.

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