Is NEO ready to SURPRISE everyone?

13 de dez. de 2019

NEO is on the verge of a larger breakout. How far is bull-run from the truth? Not far, is it? What does the chart tell us?

• Please understand longer-term volatility is still in the stage of compression. This can be seen by the purple 200 MA Bollinger Band.
  
• Because we are compressing, the market is building up potential energy, or in other words conversely shedding mass. Soon there will be enough energy (or little enough mass) to move the markets one way or another.
  
• The longest daily over-expanded period is 65. This can be seen on the three-dimensional heatmap, and as soon as enough volatility evaporates, NEO will be ready.
  
• The longest 4H over-expanded period is 508, and therefore we could see a further decline to around the 1106 level. Please, use the lower 50 MA Bollinger Band (turquoise color) for approximate reference on the daily graph.
  

Commodity Channel Index, custom volatility indicators and Bollinger Bands and their derivatives were used in the technical analysis. This is not a financial advice and you agree to take 100% responsibility.

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