What's coin on guys?
Same as ETH, NEO is facing downtrend resistance on a higher time frames. Resistance is also visible on RSI from 28.4.2018. On a smaller time frame like 1h, RSI is showing bearish divergence. I think correction in this area is very likely to happen any moment now, even if NEO decide to break trough this resistance, I think we will see some kind of retracement first. Watch out for bull traps slightly above trend line resistance. What I think will happen is downtrend continuation from this point, but anything can happen if volume kicks in! Anyway, this is not the smartest level to buy NEO.
***Once upon a time there was a huge wick at the level of $3.72.
Same as ETH, NEO is facing downtrend resistance on a higher time frames. Resistance is also visible on RSI from 28.4.2018. On a smaller time frame like 1h, RSI is showing bearish divergence. I think correction in this area is very likely to happen any moment now, even if NEO decide to break trough this resistance, I think we will see some kind of retracement first. Watch out for bull traps slightly above trend line resistance. What I think will happen is downtrend continuation from this point, but anything can happen if volume kicks in! Anyway, this is not the smartest level to buy NEO.
***Once upon a time there was a huge wick at the level of $3.72.
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2h time frame
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