NEO Possible Scenarios - More Likely To Dump For The Moment

Chart is pretty much self explanatory. There is a rising wedge formation. Nevertheless, it could still go up. My opinion is that the whole market is about to dump and NEO could be going all the way down to 0.0076.

Good luck!

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Kommentar:

NEOUSD also showing a rising wedge pattern.

Trade ist aktiv:

5 min chart in NEOUSD showing a very bullish triangle. If it breaks up, it should continue going higher to 180.

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NEOBTC continues it's bullish momentum. Creating a triangle likely to break up.

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Broke up the triangle and then dumped. Now creating a BEARISH DIVERGEANCE.

Kommentar:

NEOUSD not looking that good.

I think it's going to bounce at the red line.

When it entered the new FIB level it was just too much gravity to stand to, and it just lost the battle.

Trade ist aktiv:

So after dumping with the rest of the market and the consequent bounce, we have NEOUSD forming a pattern. Not sure if it’s a megaphone in a downtrend or a broadening bottoms so it could go either direction now.

Kommentar:

I think it’s more likely to dump by the way.