Nice setup for $NEOUSD in February
Overall, the bearish case looks weak with a few divergences that had already happened in the past few weeks on the way down.
The support build-up sits at EMA-50 and EMA-200.
Buy orders should be placed around the $10 mark with tight stop losses around $9.5 for both targets.
The first target...
NEO' has been respecting both triangle trendlines. Recently, it tried to break above the upper trendline which works as a resistance but can't manage to push through from there and the bottom trendline which is also the major counter-trendline (it works as a support) has been several attempts to break through but this level has held us pretty nicely.