- Break out on the chart, but needs confirmation.
- Long term still hazy.
NEO price has broken out of a two month descending trendline resistance, but given the fact that its a weekend driven low volume break out, follow through in terms of rally further from these levels on Monday, with volumes will be needed for this breakout to sustain.
NEO/USD is down about a percent at $30.69 after bouncing from as low as $29.88. On the 480-minute chart NEO has broken out of a descending trendline resistance on a low volume low volatility weekend trading which will require a follow through in terms of slightly better volume on a week day.
Failure to take it higher would mean, NEO could drag itself lower towards $20 levels, Novemner 2017 low that is.
NEO/USD 480-minute chart:
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