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sha1ey
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Experts advice please, should I hold or close
ETH
?
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sha1ey
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Now I am just tired y'all 😥 What do you advice I do?
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NEO/USDT Bearish Signal ‼️⚠️‼️⚠️‼️⚠️ Technical Analysis Predicting a Drop in NEO/USDT from $16.05 Background Overview:NEO, often dubbed the "Chinese Ethereum," has seen its fair share of ups and downs. At the current price point of $16.05, technical indicators are showing signs that might herald a bearish scenario for NEO against USDT. Current Market Position: Price Levels: NEO/USDT has touched $16.05, facing resistance and showing signs of potential exhaustion in the bullish run. Volume: There's a noticeable decrease in trading volume at this level, which could imply a lack of confidence in further upward movement, often a precursor to price corrections. Key Technical Indicators: Moving Averages (MA): Although NEO is above the 200-day MA, it's closely approaching a bearish crossover with the 50-day MA, hinting at weakening bullish momentum. If this crossover happens, it could signal the start of a bearish trend. Relative Strength Index (RSI): With an RSI around 65, NEO isn't in overbought territory yet, but there's a clear divergence where the price is making higher highs while the RSI isn't, suggesting momentum is fading. MACD (Moving Average Convergence Divergence): The MACD line is showing signs of a bearish crossover with the signal line, and the histogram is contracting, indicating diminishing upward momentum. This could lead to a MACD sell signal soon. Support and Resistance: The current price of $16.05 is nearing what could be seen as a significant resistance point. If NEO fails to break through, we might see a retreat to the support at around $15.50 or even lower to $14.00 if the support gives way. Chart Patterns: The price action recently resembles a double top or a potential head and shoulders pattern, both bearish reversal patterns. If confirmed, these could push NEO back down. Disclaimer: Always perform your own due diligence before making any investment decisions.
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Words of wisdom 😌 As a trader, remember: Patience is your ally, emotions are your enemy. The market moves at its own pace, not ours. Rushing into trades or reacting with fear or greed often leads to losses. Stay calm, stick to your strategy, and let time work in your favor. In trading, the most successful moments often come from the quiet patience of waiting for the right opportunity, not from the impulsive rush to act. #TradingWisdom #PatiencePays
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I have lost hard the last two days and I can't think properly, should I hold or wait BTC? I'm going to go to sleep and want to know what to do.
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Hold or close?
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