Hello Crypto Friends! Happy Friday! Let's take a look at the charts and see how NEOUSD is holding up from our last post.
Holding Steady:
We can see on the 4hr chart that NEOUSD price is still above the 50 day moving average and even though it took a quick dip below the 200 moving average to test the Fib retracement level at $68.77 and then it managed to go above it again. We also saw q break out of the top Orange line which represents the top of our downtrend channel on our chart. Would love to see NEO break through resistance at the orange downtrend channel and stay above the purple support line to continue the bullish run. MACD levels look positive and RSI is at neutral right now at 50. If all goes through well, the next target we're looking at will be the $90-$93 area.
Feel free to follow and give us a like on out chart.
We are currently long on NEOUSD. More updates to come.
Cheers!
Holding Steady:
We can see on the 4hr chart that NEOUSD price is still above the 50 day moving average and even though it took a quick dip below the 200 moving average to test the Fib retracement level at $68.77 and then it managed to go above it again. We also saw q break out of the top Orange line which represents the top of our downtrend channel on our chart. Would love to see NEO break through resistance at the orange downtrend channel and stay above the purple support line to continue the bullish run. MACD levels look positive and RSI is at neutral right now at 50. If all goes through well, the next target we're looking at will be the $90-$93 area.
Feel free to follow and give us a like on out chart.
We are currently long on NEOUSD. More updates to come.
Cheers!
Comment:
Target Reached $93.00