NEO / USD is in the 5th wave of its uptrend. The 5th wave has a target of $279 but before we get there we need to finish the wave 2 (of the 5-waves impulse in that 5th wave) which then will bring us in the wave 3.
So, I think NEO might go down a bit from current level before resuming its uptrend with a first target at $214. This is also confirmed with a downtrending RSI getting near the oversold area. The MACD needs to get flat and then cross up to signal the start of wave 3.
Legal Disclaimer: I am not a financial advisor. This article is only meant for use as informative or entertainment purposes. It is not a recommendation to buy or sell anything.
