Let’s see what is going on with NEO on the Hourly chart. The currency pair has crossed several support areas during the weekend and stopped at $44.55 support area. NEO/USD is consolidating in the moment of writing. The possible ways for the currency pair are the following:
1. Red scenario (bearish). NEO/USD will break through $44.55 support are and move lower., targeting the next support area at $41.51.
2. Orange scenario (neutral). The currency pair will stay within the current range limited by the resistance area at $48.08 and the support at $44.55 without significant changes.
3. Green scenario (bullish). NEO will cross the resistance area at $44.55 and move higher targeting the next resistance at $50.24.
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