In my last post, i drew a correction line for NEO, with a down-target which was pretty well hit by price-action. The Head-and-Shoulder has proofed itself and it seems like we are just starting a new rally up higher. The crypto market has run up quite well, while NEO has stayed stable, without any significant movement... for now.
I see a pattern of a declining triangle (green) which is soon cleared up with a move to the up- or downside. Due to the nice correction to the downside with a strong support level which held and the recent ascending triangle (blue), the chart looks pretty bullish to me, with very good chances to soon break out to the upside. And when that happens, I see NEO heading towards 100 USD.
