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!