NEO had a major pullback with the rest of the crypto market yesterday. However, it still seems to be ranging in this parallel channel on the daily, and has jumped the creek in wychoff terms, pulling back to just under the pink line and back above it and the middle line of the channel. If it loses support above the pink line, I think we will revisit $13 or so on the bottom part of the parallel channel.
If support holds above the midline on the parallel channel, I think we will see another impulse up to the $32 area.
If support holds above the midline on the parallel channel, I think we will see another impulse up to the $32 area.
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