NEO / TetherUS
Long

NEO/USD - Price in channel, immediate top at $34

505
NEO pushed higher yesterday with a great 4h candle and now we are stuck between two price levels, $25 - $29 as indicated by the Fib levels.

To push higher we will need to move above $30 with a target at $34.

If we happen to fall under $25, then we will likely go much lower towards $20 which has good support.

The daily indicators are curving upwards, which is bullish and shows we may still have fuel to reach our $34 target. Also keep an eye on ETH as it will signal where the market is going next, currently being just under ATH.

Like and follow if you liked this idea!

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.