NEOBTC breaks the wedge | Technical Analysis by Whaleagents | 8.10.18

NEOBTC is currently trading at the lowest levels since mid-December 2017. After consolidating period, the coin pushed through the supporting wedge trend line and stopped at the last level of Fibonacci support - 88.6%. It currently sits there as the bears take a breath before continuing assauly on the horizontal support level around 0.001860. If that one breaks, then look for a bigger move to the downside and a new all-time low for the coin. Those who are looking to buy the coin, you can do that against the horizontal support with a stop below the support line. As we are in clearly in the bear territory, any bounce will likely be sold.

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