Long
NEO Long Wedges (Daily) = Up we go!
NEO has been suppressed for a long time, establishing a long term price floor (green horizontal line) @ approx 28-29 USD.
Bounce in the last 24 confirms long term channel uptrend support as well at horizontal price stability at 28-30 USD.
With the lack of news associated with China, NEO is waiting for it's breakout.
This is a long play.
Bounce in the last 24 confirms long term channel uptrend support as well at horizontal price stability at 28-30 USD.
With the lack of news associated with China, NEO is waiting for it's breakout.
This is a long play.
Note
The USD wicks are insane, but we've been holding the uber large wedge on closing candles. Only a few more days until decision.
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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.