NEO/BTC Bullish Wedge Reversal
NEO/BTC is gaining some traction after bouncing from the lower trend line of the wedge. Surprisingly enough, this pair remains unscathed after today's bitcoin drop. This gives me confidence that we can see some more action soon.
The first resistance area to beat is R1, based at the last touch of the upper trend line. in case that area gets taken out, the next target should be the upper trend line. It's unclear where the price will touch the trend line, therefore I can't give a proper numerical target. Do your own DD.
Happy trading!
The first resistance area to beat is R1, based at the last touch of the upper trend line. in case that area gets taken out, the next target should be the upper trend line. It's unclear where the price will touch the trend line, therefore I can't give a proper numerical target. Do your own DD.
Happy trading!
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