NEOUSD is stalling the downtrend indicated by the underlying long term bearish trend
on the 1W Channel Down ( RSI
= 37.081, MACD
= -11.565, Highs/Lows = -4.0555, B/BP = -14.5653) as a 1D Triangle ( RSI
= 45.534, STOCHRSI = 47.026, CCI
= -19.7242, Highs/Lows = 0.0000) is supporting the price above 16.00. This is the support we are looking to cross, and a break-out is confirmation of the downtrend. Our TP remains 8.78.