StoneTroyWestray

NEO Trend Analysis

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BITTREX:NEOUSDT   Neo / Tether
If NEOUSDT continues to break through the bold upward channel, we will see a sell off toward the support zone. Ideally, the potential downward trend would reverse somewhere in the support and it would be a good time for going long. Conversely, if NEOUSDT breaks the red downward trendline and shows a large bullish candle somewhere along the bold upward channel, we will see a continuation of the upward trend. Each of the resistance levels will have to be broken before we see any strong bullish runs. However, if the all time high of ~$56 is broken along strong bullish movement, we could potentially see a new swing high of as much as $85. GOOD LUCK EVERYONE.
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