Technical Analysis: NEO
The price of NEO more than double in the last week as fears from China's ICO ban subsided. Although NEO is based out of China, it's much more than a platform for ICOs, that's why we are seeing this rally.
Last week, NEO had a bullish MACD crossover. It's close to being overbought, which is why I believe there will be a slight dip, which is healthy for a coin that doubled its price in a weeks time. Next resistance level is at $40.00, which is where we expect to see resistance. I believe the price will pull back to ~$25 to consolidate before retesting the $40 mark.
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