Hello Traders!
NEO completes the declining phase, continuing to move within the framework of the downtrend. The price is testing the resistance level of $11.60
It is possible to assume a continuation of correction of descending movement to collect liquidity to the next resistance level of $16.20, after which the fall will continue.
The zone of interest for medium-term purchases is in the price range of $5.65 - $8.30. Two previous market cycles started from this zone.
Targets for such purchases are levels of $16.20 and $29.50.
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
NEO completes the declining phase, continuing to move within the framework of the downtrend. The price is testing the resistance level of $11.60
It is possible to assume a continuation of correction of descending movement to collect liquidity to the next resistance level of $16.20, after which the fall will continue.
The zone of interest for medium-term purchases is in the price range of $5.65 - $8.30. Two previous market cycles started from this zone.
Targets for such purchases are levels of $16.20 and $29.50.
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice