NEO Price Analysis: Price breaks out of broadening pattern

FX Street

Updated: 4 Feb. 2020 | 19:22

NEO trades 3% higher and outperforms most of the crypto majors on Tuesday.
The price has also broken out of a broadening pattern on the hourly chart.

NEO/USD 1-Hour chart

NEO is looking good today as the price has moved 3% higher.

The price bounced off the 200 hour SMA and now pushed higher.

The price has also broken out of the broadening pattern shown on the chart below.

12.63 is now the next resistance to watch out for, while 11.78 could act as support.

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