NEOUSD: This rally is targeting 100.00

11 Nis

NEOUSD is on very healthy bullish technicals on the 1D timeframe (RSI = 67.236, MACD = 1.232, ADX = 36.412) and just crossed over the 1W MA200 for the first time since April 4th 2022. The blueprint of this Cycle is the same as the previous. The token bottoms on a Triangle shaped double bottom and then starts rising on a Channel Up before it breaks upwards aggressively for the Cycle's final rally.

It seems that now we are entering a short term consolidation phase which will give way to the final rally. We are expecting a direct hit on the LH trendline (TP = 100.00).


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