After Cardano break out | NEO chart Is following same pattern | ItsCryptex July 19th

in #trading6 years ago

NEO has followed ADA on a few occasions already.

The similar chart pattern right now is pretty ridiculous if you ask me.

First the Cardano Chart, and the final break out.

1)Cardano had a long term 4HR channel, that lasted around 1 and a half months,
2)Cardano broke out of resistance, for a fake bull break
3)Cardano goes through a 80% retracement within 3 weeks, nearly touch previous low
4)Break out, breaking through resistance levels that would finally give Cardano a bull sentiment at least for the short run

Now NEO

1)NEO had a long term 4HR channel, that lasted around 1 and a half months,
2)NEO broke out of resistance, for a fake bull break
3)It heading towards previous low, with current 75% retracement
4)Break out!?!?!

Not Financial Advice, doing this for fun, have a good one

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