NEO/USD - Consolidating before aiming for ATH at $200! 🥳
NEO is stuck between two key levels acting as resistance and support as shown on the chart. Between $100 and $125.
We either bounce in this area some more or we will fall lower to find support around $80. Either way, after some healthy break in price gains, we should gather sufficient strength to push higher for the ATH at $200.
NEO made a sustain rally after we broke this ascending wedge upwards and made the original resistance support = bullish re-test. The rally that followed was a 250% price gain... not bad.
This shows NEO is ready for some serious business and price gains. I don't expect this to change despite any corrective moves that are taking place currently.
The indicators are bullish on weekly, but a bit overextended, reason why I think we need a break before another massive pump. I mean look at that green candle in early April... almost 100% price gain in a week.
Therefore, forecast for medium term is bullish and short term, we may be a bit flat/bearish. Best to buy support or lower levels if we get them.
Like and follow if you liked this idea! Also join my crypto community to stay in touch!
We either bounce in this area some more or we will fall lower to find support around $80. Either way, after some healthy break in price gains, we should gather sufficient strength to push higher for the ATH at $200.
NEO made a sustain rally after we broke this ascending wedge upwards and made the original resistance support = bullish re-test. The rally that followed was a 250% price gain... not bad.
This shows NEO is ready for some serious business and price gains. I don't expect this to change despite any corrective moves that are taking place currently.
The indicators are bullish on weekly, but a bit overextended, reason why I think we need a break before another massive pump. I mean look at that green candle in early April... almost 100% price gain in a week.
Therefore, forecast for medium term is bullish and short term, we may be a bit flat/bearish. Best to buy support or lower levels if we get them.
Like and follow if you liked this idea! Also join my crypto community to stay in touch!
📣 Find more Alpha by joining Your Crypto Community 🔰 LINKs BELOW 🔰
🔹 Over 5,000 members!
🔹 Real trades & wins explained
🔹 Trading ideas, crypto trends & alpha
Likes and follows appreciated! 🚀
🔹 Over 5,000 members!
🔹 Real trades & wins explained
🔹 Trading ideas, crypto trends & alpha
Likes and follows appreciated! 🚀
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.