NEO - Another possible buy point. Broke the wedge shown in my previous analysis and corrected back to the 78.6% fib. A new wedge has been formed as well as a possible triangle support, making this another decent buy point. Indicators are positioned well having shown bullish divergence a couple of days ago.
You can see here the Bollinger Bands (2 st.dev in blue and 3 st.dev in red) are coming inside the Keltner Channels (1.5) - this squeeze implies an upcoming break out, although does not confirm direction.
Watch for volume building as the price crosses the resistance line, and more so watch BTC as NEO will likely fall below the triangle into the larger wedge if BTC makes a larger movement.
You can see here the Bollinger Bands (2 st.dev in blue and 3 st.dev in red) are coming inside the Keltner Channels (1.5) - this squeeze implies an upcoming break out, although does not confirm direction.
Watch for volume building as the price crosses the resistance line, and more so watch BTC as NEO will likely fall below the triangle into the larger wedge if BTC makes a larger movement.
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