Look like NEO is forming ascending triangle on the 30 minutes chart and it's usually bullish in upwards trending markets. The volume is declining, that means probably a breakout is coming. The target calculated by taking the height of the triangle, at its thickest point, and adding that to the breakout point. So the target is 21$. This target meets with previous...
I think Ethereum price depends on where Bitcoin price goes. First, we need Bitcoin to reach new highs around 11200-11300$ then I think Ethereum will start test the resistance around 320$ (lines up with 0.236 fibonacci level)
If it breaks up, then my next target is around 390-400$, if fails I think Ethereum will retest the support zone. At the moment there is a...
Bitcoin testing "Resistance #1", if it breaks my next target is around 11690 USD
The upwards trending resistance line which goes through "Resistance #1" is important too, if it breaks I think we will see a parabolic movement to the "Resistance #2"
If Bitcoin fails at "Resistance #1" i'm looking for retracement back to 7900-8450 USD support zone
I think that...
![NEOUSD: One more leg to the upside? [Very short-term analysis]](https://s3.tradingview.com/j/jnwhCmdF_mid.png "One more leg to the upside? [Very short-term analysis]")
