S & R - NEOBTC - 4HR

By truebluetradie
Holistically in the last month there was a downward trend. Buyers broke through downward trend and resistance.

1. Identified a bearish engulfing at the start of the downward trend.
2. Noticed a ranging market in the lower S & R
3. Price is currently respecting S&R

Undetermined of where the price will go based on my indicators. Would probably need to revise over other indicators.
Trend Analysis

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