NEO Soars After Key Support Tested

NEO has managed to move above $38 against the USD, currently trading around $39.2, after falling hard early this week from $45 to $28 against the USD. The move back to $28 did not last long as buyers quickly jump back in to buy near the key support line as seen in the chart. Now price is resting just under the key resistance line, potentially pushing higher if price manages to break through key resistance. Look for price to move above $40 and then $48, continuation and consolidation to above price level above $48 will confirm a bullish breakout in the market. Video analysis coming! For now view our technical chart below.

https://www.tradingview.com/chart/NEOUSD/lM6kkjas-NEO-Soars-After-Key-Support-Tested/

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