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mkat

NEO at resistance

NEO (BITFINEX:NEOUSD)  
mkat Updated   
BITFINEX:NEOUSD   NEO
Trend Analysis Chart Patterns Technical Indicators
2
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trendanalysis chartpattern indicator
NEO has traded up inside a rising channel until it hit long term resistance.

RSI is showing signs of retreating lower so I suspect that we will see price break the channel lower before the next major rise to break through resistance.

Good trading!
Comment:
snapshot

NEO has moved lower as expected. Now watch current support level around 63.5 to hold else we should see price move to next level of support as shown.
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