TECHNICAL ANALYSIS:
After the end of the impulsive growth cycle, up to 0.01400, the NEO cryptocurrency performed a strong downward correction, abolishing more than 78% of the range. The demand activity was revealed after the downward trend line test and currently, the price is just below the local resistance level at 0.0063. A break above this level will result in another upward wave. The first target level for this wave is 61% Fibo at 0.009350, but in the long term this level should also be broken and there will be an attack on the top.
Main trend: UP
Intermediate trend: UP
Daily trend: UP / NEUTRAL (continuation of the correction)
Key Levels:
- for further increases - level 0.0063 and later 0.0065
- for continuing correction - level 0.0063 and later 0.0049
- for the continuation of drop - level 0.0049 and later 0.0037
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