InvestingScope

NEOUSD: Triangle crossed. Expecting a support test.

Short
The 1D Triangle broke to the downside and a Channel Down has emerged (RSI = 43.625, MACD = -0.651, Highs/Lows = -0.0902, B/BP = -0.0642). The obvious technical target is the 13.55 Support, which if broken should swiftly lead to our TP = 8.78 and on a Lower Low for the Channel Down. The bearish long term trend of the 1W Channel Down (Highs/Lows = -2.4138) is still dictating the direction for NEOUSD.

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