CryptoChimp23
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Short NEO/BTC - NEO Forming Bearish Rectangle on the 4H

BITFINEX:NEOBTC   NEO / Bitcoin
NEO forming a bearish rectangle on the 4H time frame against BTC . Coincides with previous horizontal support and resistance levels at around 0.0095 and 0.0101, as well as low overall volume . RSI has failed on a retest of the 0.5 level indicating a bearish trend . First target is historical resistance at 0.0088.

Price is also inside the Ichimoku Cloud on the 1D time frame (not shown) and a second possible target is the bottom of the cloud - 0.00762. A bearish TK cross on the higher 1D time frame is also iminent, confirming the bearish trend .

Happy shorting :)
interesting
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