NEO / TetherUSLong
NEO forming strong wedge, Possible Breakout
Updated
Neo looks to be forming support and a strong wedge is forming.
With a series of higher lows forming. I would assume we will be breakout to the upward side.
Bitcoin is experience similar movements with higher highs forming on BTC USD pair.
Also, if we look at the fibonacci levels from the lows of early feb to the highs of late feb. We can see that we've retraced to the O.786 Line almost perfectly.
I believe the bottom is in and we'll be moving upwards from here.
Give your thoughts and if you agree. Don't forget to click the like button :)
With a series of higher lows forming. I would assume we will be breakout to the upward side.
Bitcoin is experience similar movements with higher highs forming on BTC USD pair.
Also, if we look at the fibonacci levels from the lows of early feb to the highs of late feb. We can see that we've retraced to the O.786 Line almost perfectly.
I believe the bottom is in and we'll be moving upwards from here.
Give your thoughts and if you agree. Don't forget to click the like button :)
Note
Fib retracement
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