NEO/USD possibility to go long

19 июл. 2018 г.

As we can see from the chart, NEO has formed HL (higher low), but still could not break its resistance levels at 40-42$ and EMA50 level, this is why it did not form new HH (higher high), now we can expect a little pullback to 34-35$ levels and impulse to previous resistance level at 41$. If price pass through formed resistance level at 41$ than there is a strong possibility to a bigger impulse and price of NEO can reach 50$.
If price do not break its resistance at 41$ it can lead to its previous support level at 27-30$ and it would bring panic and big sell-off of NEO