NEO UPDATE: Breaking out from downtrend channel in sight?
Hello traders,
After successfull growth as i predicted, NEO switched short-term trend to bearish because of BTC drop. We can see strong downtrend channel which is NEO in. BTC is now at strong support and possibly forming inverted head & shoulders pattern (analysis linked below). If this bullish pattern confirms, BTC may get back to 33-35k, Dominance is still falling, so NEO may break out from this downtrend channel and start new rally fueled by fundament of NEO 3.0. But it is too soon to predict something special, at first we need to see what BTC will do. I also linked below DOT analysis which is great for entering long. In case of NEO i will wait for breakout channel confirmation.
I would love to hear your opinions!
I will appreciate like & follow!
This is just personal idea, not ivestment advice
TRADE WITH BRAIN, NOT GREED
After successfull growth as i predicted, NEO switched short-term trend to bearish because of BTC drop. We can see strong downtrend channel which is NEO in. BTC is now at strong support and possibly forming inverted head & shoulders pattern (analysis linked below). If this bullish pattern confirms, BTC may get back to 33-35k, Dominance is still falling, so NEO may break out from this downtrend channel and start new rally fueled by fundament of NEO 3.0. But it is too soon to predict something special, at first we need to see what BTC will do. I also linked below DOT analysis which is great for entering long. In case of NEO i will wait for breakout channel confirmation.
I would love to hear your opinions!
I will appreciate like & follow!
This is just personal idea, not ivestment advice
TRADE WITH BRAIN, NOT GREED
