NEO broke long term down trend

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NEO has been on an accumulation floor since the Command Q (Mac joke) Chinese exchange news dropped the markets. It has made several attempts to break the downtrend, but this one looks promising. It is about to move above an upward resistance level and keeps bouncing off its long term support. Volume as been increasing over the last week. RSI has room to move up. Stochastic indicators have room to move up. Several large wallets have been accumulating thousands of NEO and gas without moving the price. Neo is getting primed.

I have marked a key resistance zone Neo must break on its way up and several possible scenarios over the next couple weeks. Will update.

Thank you for viewing my chart. Please feel free to comment if you agree, disagree, or have questions.

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تم فتح الصفقة

Neo is following this pattern perfectly. It will come back down over the next few hours before making the next leg up. Try to buy on the retrace between $24-$22.5. As always Trade At Your Own Risk. A retrace to previous resistance at $20.5 is unlikely. We will see higher lows and higher highs as this pushes up.

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ملاحظة

Update: