- NEO breaks out on the chart.
- Confirmation still pending.
NEO, the crypto that lost more than 90 percent of price from the peak, has given a small breakout on the short term chart, although it still need a confirmation – by crossing past certain levels to sustain this breakout.
NEO/USD is down half a percent on day at $16.215 but trading in even lesser range for the day. On the 180-minute chart, NEO gave a faling wedge breakout, late on Thursday and managed to rally a bit after the breakout.
But it still needs to cross past the congestion zone of $16-$16.5. A crossover of this zone would take it to the targets of $18.20-$18.50 in quick time.
NEO/USD 180-minute chart: