NEOUSD 4 HR Chart - Breaking of Downtrend + Bounce off of Support = UP!

in #trading7 years ago

Break & Bounce

Hey ya'll,

So we have seen a LONG downwards trend for NEO that starterd at the beginning of March, however as seen below - price has finally reached the $70 support structure and, not surprisingly, reacted to break the downards trendline.

Currently, its testing the support structure and will most likely bounce between the $70-$80 price point before it makes it's next move.