NEO is back to a 618 retrace on 4hr. In a holding pattern to see if we go up or down. Waiting on the 4hr candles to give us confirmation of direction.
NEO is is above 36 & 200 MAs from W - Minute charts. I'm still looking for my targets referenced below in the link. Quickly looking across all time frames NEO appears to be in 38.2 4hr fib retracement that lines up on the prior ALT. We have a support zone NEO will look to be testing. Although NEO could go south I'm thinking all the signals are showing...
D - MA (8,18) crossed on 1/18 and continued a downward trend with ok separation. Price action is moving towards 36 day SMA. We'll have to wait over the next day or two to see if 36 day SMA provides some support. Its lining up with current w/d support at .00009234. 2-4hr - Below 36, 200 MAs, 8/18 crossed to the downside. 1hr - 15min - All below the 36, 200 MAs...
We have a break of the down trend on the 4hr and close above resistance at .0124.... Also got a cross of MAs to the upside on 4hr & 1hr. 1hr and below cross of the 38 MA with current continued separation. Targets set on NEO rise.
4hr - 1hr show steady separation of from the 200MA and MAs. Current resistance at .01244… Need to watch over next 4 - 8 hours to see if we can get a close above or below the current .01244 resistence. 1. If we get a close below resistance we can see price action move down toward minor support at .01201…. If minor support breaks further moves down to .01110...
Looking to see some moves up for NEO... Chart has call outs . :) . Let me know what you think?
My thoughts on NEO at the moment and were I see it going to next over the next day or so. What do you think?