NEO Bullish 1 HOUR Mark headed for $40 wall

Neo is bullish confirmed bounce from (green) Tenkan-sen crosses over the Kijun-sen(pink) and Price action (candles) are crossing over the red cloud.

Also the price action broke the resistance wall at $36 and is now a support for the upward trend.

Neo is on an uptrend and subject to change depending on buying volume. Currently, there are more volume of bids than asks.

Prices won't rise past $40 dollars unless NEO drops down to at least $33 dollars to unlock the bids.

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If Neo hits $40 expect prices to drop down to $33. Subject to change when Market Depth change.

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Slight pull back and going to resume above the $40 dollar line. Big buy orders at $40 eating away at the asks. At most, it'll fight between $39-41 dollars. Market Dept bids and asks are subject to change at any random time.

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New $40 dollar bids are coming in making NEO very bullish. If NEO drops close to $31.5 dollars it can surpass $50 dollars NEO.

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Going to update this analysis.

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