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NEO/USDT Big Pump and testing 1st resistance at 45$ for BINANCE:NEOUSDT by tumbler55

NEO just pumped and tests the first of three big resistance lines around 45$.

Daily on the left hand side:

– The RSI moved over 70 and is now near overbought area. We expect some kind of consolidation before we move upwards again.

– The downwards trend seems broken after hovering above the lower yellow line.

– We see a volume increase during the last days.

4h on the right hand side:

– There is a golden cross involving the 50 and 200MA indicated by the yellow camera.

– We spot a strong volume spike indicated by the green spiky ball.

We expect some consolidation now which also could be very short term.

In the long term we shoot for 120$ again.

Basic rules:

– Never buy the top/ ATH

– Take profit as long as you can (also partial profit is profit)

– Use Stop/loss for leveraged positions

– If you are not experienced, don’t leverage in the first place

Enjoy the ride and don’t be too greedy.

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Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.

Cheers

ps.

Chart explanation:

Main lines:

– Green lines are tested support lines.

– Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.

– Cyan line is for volume trendline.

– White lines are Fibonacci retracement levels

Helplines:

– Purple lines are trendlines we take a look at.

– Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA.

– Yellow lines are for visual help only.

Boxes:

– Either entry zone or support zone . Check the description.

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