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[Technical Analysis - Where Will NEO & DASH Go?]
1. NEO
Weekly Frame:
On the weekly frame, NEO has formed an expanding wedge pattern and it is easy to see that the price is reacting strongly at the upper edge ($26). This is a warning pattern indicating that the price could drop significantly at any time. The nearest target is the $12 - $13 range. If it cannot hold this area, the price may drop further to the $9 range.
Daily Frame:
The price is reacting to the $18 level and has the potential to reverse back to the $12 - $13 range in the coming days.
2. DASH
Weekly Frame:
The price is reacting to the EMA 200 line ($70) - a strong resistance area and may reverse to the $30 range. If this area breaks down => The price will accumulate again at the $21 range.
Daily Frame:
The structure shows lower highs, with the nearest target being the $30 range.
#Neo #Dast $NEO $DASH
1. NEO
Weekly Frame:
On the weekly frame, NEO has formed an expanding wedge pattern and it is easy to see that the price is reacting strongly at the upper edge ($26). This is a warning pattern indicating that the price could drop significantly at any time. The nearest target is the $12 - $13 range. If it cannot hold this area, the price may drop further to the $9 range.
Daily Frame:
The price is reacting to the $18 level and has the potential to reverse back to the $12 - $13 range in the coming days.
2. DASH
Weekly Frame:
The price is reacting to the EMA 200 line ($70) - a strong resistance area and may reverse to the $30 range. If this area breaks down => The price will accumulate again at the $21 range.
Daily Frame:
The structure shows lower highs, with the nearest target being the $30 range.
#Neo #Dast $NEO $DASH
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