NEO is looking delightful on the 4 Hour. Nearing a bullish MACD cross, with potential for a breakout of the descending wedge trend over the next few days.I plan to accumulate in the orange zone, and possibly make some quick scalps in the pink zone, but I'm mostly looking for a major break of the 0.382 Fib level with a target at our most recent high of ~$43.
Rumors abound that
NEO will be listed on Bithumb, the South Korean mega-exchange know for legendary pumps of their select few coins (NEO would be the 11th).Perhaps this will be
NEO's new ATH?Don't be surprised if shorters try and test the 0.236 to flush out some stop losses.
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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.