NEO - RELOADED

Since August 2023, NEO has had a strong run, as have many altcoins, growing ~141%. It is now trading above all EMA's and recently rebounded from the 20-day EMA as support.

NEO was one of the first 'larger' altcoins to break out of the bearish to bullish phase a few weeks ago. Since then, it has attempted to break the resistance at ~$15 - $15.60, 3-5 times resulting in long wicks. Each time, the resistance won and short-term support was found with the strongest at ~$11.19.

Provided BTC continues consolidating or growing, we can see NEO push even further, targeting the $20 area (67% gain). If this doesn't happen, we could see NEO continue consolidating in the value area between $11 - $14 or finding longer-term support around $9 before proceeding to try again.

If it consolidates, NEO could move to the top of the value area in the short-term for a modest 16% gain.

Please note I am not a financial advisor and this is not financial advice. All ideas are for educational purposes only.

Please feel free to leave your comments and thoughts below!
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