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Weekly
Looking at our trend timeframe we see price reposing our bearish parallel channel, momentum not showing any signs of slowing down. Neo now looking to form a lower low, expecting a reversal at our 300000
Daily
Shifting over to our patten timeframe we see price has formed a bearish channel inside our bearish channel. Price currently testing our 400000 support, a daily close above 433000 activates our trade. Stochastic RSI showing momentum remaining in favor of bears, but pretty close to bottoming out.
Conclusion
- Buy: After Daily Close Above 433000
- Sell: NO
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Disclaimer: I am not a financial advisor nor am I giving financial advice. I am sharing my biased opinion based off speculation. You should not take my opinion as financial advice. You should always do your research before making any investment. You should also understand the risks of investing. This is all speculative based investing.
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