NEO breaking out of bullish channel
In the past week we saw Neo correcting really well, prices have now started breaking out of a inclined narrowing wedge pattern and has bounced off the previous support line at $32. I see a possible retracement back down to the $30 mark and then then $26 mark.
This is an update of a previous similar post but we now have what seems to be an engulfing candle stick forming on the 4H chart.
a few people have said its gonna go down to $26, than back up to the $44 mark. how do u see it going back up to $44 is what I wanna know
No one can no for certain but NEO has been at like $48 high with a second high of around $44 and has setup a big resistance at that mark. $26 dollar being the other mark like on the chart in this post. In my other post I did a longer term analysis and I believe NEO will reach $80 next year. The reason why I believe so is that NEO has a lot of support especially in China, It doesn't look like countries are banning crypto's in fact some are starting to adopt it (I can buy groceries with bitcoin already) China just hurt it a bit but crypto's are here to stay and NEO is China's ethereum, it wont die.