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!
Everything about blockchain and crypto, Live 24/7 on CryptoComes: u.today/pricewise
Follow me and trade smarter with our insides!