NEOLong
Finding What NEO Price Structure Could Display Next?
Finding What NEO Price Structure Could Display Next?
The NEO, over the monthly chart, has formed a seamless structure from 2017 to 2024 (present). It showed that the price had peaked 2 times majorly; the first main peak was built by January 1st, 2018, where the price peaked at an extraordinary 122K% gain to $194.91.
There on, the abrupt selling pressure took the price lower, where the price consolidated for the next 792 days, and shot another rally of more than 800% to $136.98 and created the second peak. The second peak failed to stabilize as well, and the price went sideways again, and it has already been 761 days as of writing.
Over the broader picture, a declining trendline resistance has been playing; if a rally breaks out monthly, then most probably, the price could reach $80 and register a third peak almost 8x the current price.
Moreover, the daily chart looks at an amazing level, where the price could rise out of a falling wedge. Indicators are bullish, and the nearest resistance appears to be at $14 and $17. However, breaking $10 would lead to $8.
The NEO, over the monthly chart, has formed a seamless structure from 2017 to 2024 (present). It showed that the price had peaked 2 times majorly; the first main peak was built by January 1st, 2018, where the price peaked at an extraordinary 122K% gain to $194.91.
There on, the abrupt selling pressure took the price lower, where the price consolidated for the next 792 days, and shot another rally of more than 800% to $136.98 and created the second peak. The second peak failed to stabilize as well, and the price went sideways again, and it has already been 761 days as of writing.
Over the broader picture, a declining trendline resistance has been playing; if a rally breaks out monthly, then most probably, the price could reach $80 and register a third peak almost 8x the current price.
Moreover, the daily chart looks at an amazing level, where the price could rise out of a falling wedge. Indicators are bullish, and the nearest resistance appears to be at $14 and $17. However, breaking $10 would lead to $8.
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