The NEOBTC pair has already broken above it's trend line from all time high and the USD pair is looking similar, but we are in a resistance area and it could very well end up being a wick. Just keeping an eye on it for now, but leaning towards a bullish break.
NEO/BTC has not only broken above the 2 year downtrend line, but looks to have reclaimed / be in the process of reclaiming the previous range. Zooming we can see a very clear bullflag. All that remains now to wait for completion and a daily close or two to make sure we get an S/R flip.
The bullflag on the daily failed and NEO saw a sell off comparable to other front line alts. Falling below the 350 MA and breaking the major trendline is bearish. However we have the minor trendline and the 250 MA that can act as support. There is some confluence with the horizontal resistance ~$10.60. It should be noted that NEO originally broke over the 250 MA...
Leaning bullish. We're currently consolidating under resistance and the previous supports have already been tested. Volume is shaping up nicely. Not sure how far we'll actually get from the bullflag, but it's definitely going up.