NEO / USD was able to stop the last downward movement and move out of the trend into a sideways trading range. There, the price currently remains in a small descending triangle formation.
The resistance at $45.00 indicated in the previous analysis has not been overcome, as expected, after heading for the price range. Thus this zone represents again a resistance also with the perhaps possible outbreak of the triangle on the upper side.
On the bottom the price should be well supported at 25.00$.
This is NOT investment advice and does not require buying or selling. Every reader is aware of this and makes their own investment decision with their own understanding of risk management!
Cheers Jessy
