NEO has made a run of about +650% since mid-December and seems to have completed 3 waves. After reaching the previous ATH
(around 0.0139) it bounce from this resistance and has been correcting since, which has formed wave 4. Ath
this point price has reached the lower trendline and the Stoch
is now in oversold territory. The RSI
has cooled of and has found support at the trendline itself. These indicators plus the trendline support indicate that NEO could find its way back up in the coming days to complete the cycle and start wave 5. However, the retracement from the ATH
is quite minor, so this is a trade that I will only enter after I have seen both price and RSI
bounce from the trendline and a Stoch RSI
that is going up.