NEO has broken down a channel with bullish tendency still beeing visible as RSI and the Ichi cloud indicating the bulls are still in it specifically I would like to state the support at the end of the cloud holding the price action for neo.
In case NEO finds itself over the cloud it will immediately complete a cup & handle on its way up to the resistance at top of the channel.
The buy demand structure shows a pullback scenario shall happen at the top of the channel.
The best safe place to place your SL has been placed on the chart.
In case NEO finds itself over the cloud it will immediately complete a cup & handle on its way up to the resistance at top of the channel.
The buy demand structure shows a pullback scenario shall happen at the top of the channel.
The best safe place to place your SL has been placed on the chart.
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