NEO
Short

Triangle still intact but approaching the completion point.

690
NEOUSD is still under the relative neutral bias of the 1D Triangle (ADX = 12.107, Ultimate Oscillator = 49.858). This is however approaching the Lower High resisting line of the 1W Channel Down (RSI = 37.006, MACD = -11.677, Highs/Lows = -3.5196, B/BP = -13.7590). We expect a bearish rejection on that point and a new Channel Down to emerge, so we remain short with TP = 8.78.

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