Vermillionz

NEO/BITCOIN - MASSIVE CUP&HANDLE -1/28/18

Vermillionz מעודכן   
BITTREX:NEOBTC   Neo / Bitcoin
NEO looks to completing a Cup & Handle Formation! Looks Bullish!

- Massive Cup & Handle looks to have formed, right now, Handle is forming. If Handle continues as should, expect a breakout of upwards price movement, possibly to ATHs.

- Mini Ascending Triangle has formed on the Handle of the Cup, a very bullish sign and indicator of further breakout upwards to come.

- Bollinger Bands determine breakout and trends. Bollinger Bands were previously narrow as trend continued to consolidate, BUT as Bollinger Bands begin to widen (as they are currently doing), this signals a breakout is imminent, most likely bullish based on the likely possibility we are in the formation of the HANDLE.
הערה:
RSI @ 78, indicating NEO is overbought.

MACD just recently crossed, signaling breakout. Watch uptrend, if price movements can breakout of the Ascending Triangle and move past resistance levels, expect further bullish movements.
כתב ויתור

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