InvestingScope

Lower High made. Bearish reversal on 1W. Short.

BITFINEX:NEOUSD   니오
NEO has made the Lower High (Highs/Lows = -8.5242) on the 1W Channel Down (RSI = 36.959, MACD = -11.383, B/BP = -16.0980) exactly on the Resistance limitation zone (blue curves). Remember mentioning on the previous post that any Lower High attempts will be contained by the blue curve formations below 25.00. 1D should now utilize this momentum (MACD = -0.814, CCI = -55.1910, STOCHRSI = 23.235) to test the 13.55 support. We remain bearish on NEOUSD with TP = 8.78.

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