CryptoComes

NEO/USD Bullish Flag. What's Next???

NEO has added two percent in the past 24 hours but it looks worse than EOS as the currency pair seems to be in flat. Neo has breached its green ascending trend line in the beginning of the week and still hesitating to make any tendency choice.
Let’s see closer the situation on the Hourly chart. Neo has reached the support area at $53.20 on Monday/Tuesday and even crossed it, but failed to reach the next support at $50.24 and reversed. The currency pair managed to cross $53.20 again (but from below this time). NEO fluctuates above this level in the moment of writing. We can see some kind of flag pattern meaning NEO/USD has opportunities to run higher. What are the ways for NEO/USD?
1. Red scenario (bearish). The currency pair will break through the closest support area at $53.20 and run downwards targeting the next support area at $50.24.
2. Orange scenario (neutral). NEO/USD will stay within the currenct range, limited by the resistance area at $56.00 and the support at $53.20.
3. Green scenario (bullish). NEO/USD will grow towards $56.00 and then target the next resistance area at $58.03.

Check the full crypto analysis HERE>>>.

All trading ideas every day on CryptoComes: u.today/pricewise

Everything about blockchain and crypto, Live 24/7 on CryptoComes: u.today/pricewise

Follow me and trade smarter with our insides!
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.