After a strong move, a retrace follows... and for NEOBTC prices remained really strong and quickly moved back above EMA200 (brown).
Now that prices are above EMA200, NEOBTC can easily make a strong jump.
The fact that the price hit just below 0.5 Fib. retracement rather than 0.786, is another signal to keep in mind. With that side, prices can still move lower and a drop below EMA100 (purple line - 0.001199) would invalidate most the bullishness coming from this chart short-term, but we still lookup.
This is a good setup, NEO is looking for the long-run.
Here is the weekly chart:
Thanks a lot for reading.