Let me get a chance out all right. Welcome back to know. I don't usually say that welcome back it's the photo fairy 2020 Tuesday, the second day of the week so we've just done – tells us coming in about 11 moon arrows. There are drawn aiming ok, bi, Attali, oh and now good one, all the 10th coin of the day, neo coming in at number 20 money, but akane yo, so let's get on with neo technical analysis so for new organs, BTC we are hitting the skinny pink line. No, no no we've been knocking, it we've knocked it several times in the past few months: okay, that's just not considered June. Well, we tried going near it mind you under daily on the 13th of November. We try going near it again on the 19th of January. Close to it today, yesterday the day before and yeah, if it feels to me, like you know, the skinny pink line has been a very strong resistance. So far I don't know whatever gon na be continuing to us, the upside, but but but but if new breaks the skinny pink line, who gon na go very, very high? How high I don't know I got ta, wait for the break to happen first, but if this was a continuation chat pattern towards the upside, then potentially our first stop is at zero point: double zero one. Eight four! Six from the current price. I was through zero, but number zero one.
Eight four six is a another 45 to go to versity outside 45 is a shitload of money, no it's almost 50. So imagine if you had, I don't know five thousand. You know tree yeah. You would have two thousand five just like that, so anyway, anyway I'm not gon na get too excited. You know wait for that, brick to happen, plus if we saw each other we up, I mean you know even and if it looks like a brick to us and very likely we would be taking trades for New Orleans PVC towards the upside, but you know it Has to break upwards first, we need to see it break the skinny pink line. Other worries – this is actually a descending triangle. Yes, sir, this is a descending triangle. To was the downside. We actually have two targets. We had a target bit before, but this target is gon na. You know it's just gon na remain this target over here, but I think eventually, we're gon na, if you were to break down, will be hitting probably 976 and we are in danger of actually forming a new all time. No, I can guarantee you that it is going to hit target number two, but if you were to break down very likely will be hitting target number one: zero point: zero: zero, nine, seven six sacrifice, because this is the noisy area alright – and this is somewhere close To the top of the noisy area, so very likely we'll be taking profits at this area: 976 zero by triple zero, nine, seven, six, so yeah, hopefully, hopefully, new holes is ship here and then we continue towards the outside yeah.
This does look like a descending triangle, but at the same time we are aware that the volume is pretty green here. Yeah, it sure yes, I'm selling, but in my opinion, there's more green than there are rate volume bars so yeah. It looks very green to me. So the potential is there for new to go higher, so yeah we think. Potentially we could hit super double zero. One. Eight four six bean will go up to one point: six, eight level here at zero point: zero: two, two: seven six, so we're crossing our fingers. We break the skinny pink line instead of dropping butter. Again, we are prepared either way. If things you know drop any lower, then very likely when we punch higher, it is going to be glorious and if you were to drop any lower, we will be making significant purchases for new against BTC, because we believe that the time is almost here for neo To blast off, Wheaton is almost new stone to be busting off. Neo is much much more promising than the other Chinese projects actually yeah, I didn't you know is – should be in the top. I don't know top three of our Chinese projects here your is so you know I've always liked Emile, and I think the potential is this for new, but yeah we're gon na be taking things. Yeah we're gon na be T we're gon na be taking things one step at a time I lost my words.
I lost my train of thought and so yeah. If we break the scary pink line. Hopefully we do that and then we could yeah take on trades diversity upside, but we need to break it. First, all right now, let's move on to neo against UST. Before then, please give this video a like if you enjoyed it subscribe to the channel, and let me know cheating on you in the comments P, look so funny o against us D yeah. So you see the thing I don't like about this is that this is a double bearish divergence. It is a higher high on the price but it's a lower high on the magdi dude, no a high under RS right so yeah. It could actually be reversing mmm. Here and I don't like it, I really don't like it, but uh again, there's, nothing, much that I can do because there is still no tradable Chiappetta I'm gon na delete this, because you know it is you know we're gon na be yeah. I don't know what the new wheels are actually doing. Let'S just move on for me. Yes, it might look like as if we are out of the skinny pink line or the Forli, but we could just as well drop back down. So, like I was saying yeah, this is a higher height. I don't really like higher highs, because higher highs are usually not always usually reversal, chop patterns and infuse to me like we are dropping like a stone yeah.
So I don't like it. I already don't like it, but uh yes, we're gon na have to take things. One step at a time – hopefully, hopefully we don't, you know it'd, be great. Actually if we form some sort of a squeeze at this level, all right, yeah squeeze at this level. It would be absolutely fantastic if you do that here. But again I don't know whether, if we're gon na get that kind of a chocolate or not so we're gon na give our we got ta give the wheels of new more time to do that thing: we're not going to fix our pious. At this point of time, but we are aware of the potential of of a potential move for you against us, deep eventually towards the upside but yeah. I think that could be a correction coming for neo. If we form here ensure this chap happens over here, then we're gon na be dropping back under nine dollars, probably eight dollars potentially seven dollars. We will take out this cells at this area, seven notes and 81 cents before we see any reversal come in. So again we are, we are aware of the potentials to us, the upside, and we are also aware of the potential to us, the downsides or just maybe staying patient and we're gon na be waiting for the new wheels to to do a team, because there's still, No tradable cha patent at this point of time.
This will also turn out to be some sort of a hit and showed us kind of a Chaput on. We could be ready in the midst of forming right shoulder, maybe towards the upside but yeah we're still, patients. Never gon na wait for the neo bills to do all right. I got ta see for my new technical analysis. Thank you very much for watching. I hope you enjoyed it.