QubitLife

NOEUSDT: Possible Long (05.11.2020)

Long
BINANCE:NEOUSDT.P   NEO / TetherUS PERPETUAL CONTRACT
A strong divergence has formed on H4 between the price and the RSI. In addition, the RSI is still close to the oversold level, which signals the possible completion of the downward movement.

On H1, the price has broken through the downtrend line, and now a correction is being formed.

We recommend buying NEOUSDT with a local correction on H1 with a stop loss at $ 13.7

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