NEO/USD Triangle Forming - Breakout Soon!
NEO/USD Triangle Forming - Breakout Soon!
I thought I'd check some other charts before doing a deep dive into the BTC correction today, and I found this:
4 Hour Bittrex NEO/USD Chart.
There is a very nice symmetrical triangle forming on the NEO/USD pair. This is a sign thuat a breakout will happen soon.
Which way it will go? I couldn't tell you, triangles can be both a bullish or bearish pattern. I'll be writing a post about them for my new account soon. (@cryptocanuck.com).
If you're in the NEO/USD pairing right now, it would be wise to watch for the breakout to see which way it will be heading. But be careful of "head fakes"!!!
Thanks to one of my crypto buddies (I don't think he's on here) and @cryptopassion for teaching me about the triangle pattern/formation.
For more technical analysis, check out: @toofasteddie, @gazur, @haejin, @ew-and-patterns, @pawsdog, @cryptomagic, @exxodus, @cryptomagic, @allthereisislove, @lordoftruth and @tombort (who put this list together.
Congratulations! This post has been upvoted from the communal account, @minnowsupport, by FuturistGear from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews/crimsonclad, and netuoso. The goal is to help Steemit grow by supporting Minnows and creating a social network. Please find us in the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.
If you would like to delegate to the Minnow Support Project you can do so by clicking on the following links: 50SP, 100SP, 250SP, 500SP, 1000SP, 5000SP. Be sure to leave at least 50SP undelegated on your account.