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NEO: Big Bullish Move In Contemplation !
Here is a monthly chart of NEO/USD revealing two BULLISH pattern formation in confluence (Ascending Triangle & Cup and Handle) which can provide high probability trading/investing opportunity.
The last time it was shared (on a Weekly-Timeframe) the price was around $24 and it rocketed from there to $141 and then eventually the big fall was witnessed as BTC pummelled dragging the rest of the market along with it (refer to this chart)
Now, the price seems to get back on track as BTC broke it's consolidation phase and is moving in an uptrend. This analysis is performed on a monthly time-frame and we all know the longer the time-frame, the more reliable the pattern becomes (Although, it may take less than expected time to reach the mentioned levels/targets).
If we look at the chart, we can see the CUP AND HANDLE formation has started surging upwards after spending the time in the congestion area (handle of the pattern) while the ASCENDING TRIANGLE pattern still have time to approach the resistance level and breakout from "Resistance Zone" (which is also the "lip" of the CUP and Handle pattern). Both the patterns will be successful if the price manages to break out of the "Resistance Zone"
However, the failure from there will definitely push the price back to the lower levels. (DYOR)
CryptoCuriousOfficial 📥
The last time it was shared (on a Weekly-Timeframe) the price was around $24 and it rocketed from there to $141 and then eventually the big fall was witnessed as BTC pummelled dragging the rest of the market along with it (refer to this chart)
Now, the price seems to get back on track as BTC broke it's consolidation phase and is moving in an uptrend. This analysis is performed on a monthly time-frame and we all know the longer the time-frame, the more reliable the pattern becomes (Although, it may take less than expected time to reach the mentioned levels/targets).
If we look at the chart, we can see the CUP AND HANDLE formation has started surging upwards after spending the time in the congestion area (handle of the pattern) while the ASCENDING TRIANGLE pattern still have time to approach the resistance level and breakout from "Resistance Zone" (which is also the "lip" of the CUP and Handle pattern). Both the patterns will be successful if the price manages to break out of the "Resistance Zone"
However, the failure from there will definitely push the price back to the lower levels. (DYOR)
CryptoCuriousOfficial 📥
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免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。