NEO has been tracking in a bullish channel pretty nicely this past week. We are currently riding the upper limit of the channel. Barring any correction from BTC, we should be able to keep the current trend line in tact and see a push to ~$41, otherwise we could see a dump to the lower limit of the channel in tandem with a BTC correction, possibly to $28-30. I am short term and long term bullish on NEO. What would change my opinion is a drop beneath the current channel structure.
Comment:
Getting close to touching the bottom lip of the channel which happens to be the .5 fib retracement level from the run up out of the giant descending triangle to the most recent high around ~$39. Right here would be a very safe entry if you are a long term holder, otherwise, you may caution to see what BTC does. BTC is close to potentially landing on a long term trend line around $4115. If it sinks further, there is a good likelihood that NEO sinks further as well.