Let’s have a closer look at the current situation. NEO/USD has reached the closest support area at $53.20 on Wednesday but later went upwards. It stays in the middle between the resistance area at $56.00 and the support area at $53.20. The possible ways for NEO/USD are the following:
1. Red scenario (bearish). The currency pair will break through the closest support area at $53.20 and move lower, targeting the support area at $50.24.
2. Orange scenario (neutral). NEO/USD will stay within this horizontal range, limited by the support area at $53.20 and the resistance area at $56.00.
3. Green scenario (bullish). NEO/USD will reach the resistance area at $56.00 and cross it targeting the next resistance area at $58.03.
Check the full crypto analysis HERE>>>.
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