NEO Testing Weekly Res-Range - Uptrend Confirmed if Price Holds
Short - Medium Term Analysis
Look for potential rise out of NEO as it retests the lower portion of its weekly res-zone.
If blocked, a dip wouldnt be unlikely on
NEOBTC
from its current price of .00112 sats, with strong support located at its weekly low-bband at .00109 sats
Any bounce up from these zones will retest its weekly resistance around .00124 satoshi.
Overall, NEO looks like its possibly in the beginning of a potential uptrend for its high frames, and
a macro bull trend would be confirmed with a HH prior to a LL
Look for potential rise out of NEO as it retests the lower portion of its weekly res-zone.
If blocked, a dip wouldnt be unlikely on
NEOBTC
from its current price of .00112 sats, with strong support located at its weekly low-bband at .00109 sats Any bounce up from these zones will retest its weekly resistance around .00124 satoshi.
Overall, NEO looks like its possibly in the beginning of a potential uptrend for its high frames, and
a macro bull trend would be confirmed with a HH prior to a LL
Eric Thies