high RSI + MACD histograms starting to look a bit bearish - this makes me believe that this is the start of a head and shoulders pattern which will lead to a bearish drop to ~$400 with additional resistance sitting at around $393 (additional levels at $372 and $340)
however, due to the volume picking up whilst bitcoin remains stagnant and price/volume being taken out of NEO, i have marked 2 "watchpoints" - these are where the price can go either way - at point 1 we may see another rise which would start to look like a descending triangle; dipping below that first GREEN line can see us starting to go towards the second GREEN line.
at point 2, we may again see it bounce off of the GREEN support line and start to form a pennant pattern which will indicate more bullish movement
current verdict: sit and wait, however it might be a good idea to SHORT from current prices to around $430ish.
however, due to the volume picking up whilst bitcoin remains stagnant and price/volume being taken out of NEO, i have marked 2 "watchpoints" - these are where the price can go either way - at point 1 we may see another rise which would start to look like a descending triangle; dipping below that first GREEN line can see us starting to go towards the second GREEN line.
at point 2, we may again see it bounce off of the GREEN support line and start to form a pennant pattern which will indicate more bullish movement
current verdict: sit and wait, however it might be a good idea to SHORT from current prices to around $430ish.