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DU09
Jan 19, 2021 9:19 PM

NEO/USD - Price in channel, immediate top at $34 Long

NEO / TetherUSBinance

Description

NEO pushed higher yesterday with a great 4h candle and now we are stuck between two price levels, $25 - $29 as indicated by the Fib levels.

To push higher we will need to move above $30 with a target at $34.

If we happen to fall under $25, then we will likely go much lower towards $20 which has good support.

The daily indicators are curving upwards, which is bullish and shows we may still have fuel to reach our $34 target. Also keep an eye on ETH as it will signal where the market is going next, currently being just under ATH.

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Comments
TheSignalyst
Fantastic setup here. Thank you Nuo
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