NEO/USD uptrend line is poised to re-test the 100MA in the next couple days (May 4, May 5, or May 6). Previously the 100MA acted as a short-term resistance. If this currency follows the trend of BTC, ETH, and other currencies then it is likely to break through the 100MA. This is why I am long.
My bullish outlook will be incorrect if the 100MA continues to act as resistance, and the price falls through the uptrend line. In this case the price can retrace to the next support zone of $67-$71.
My bullish outlook will be incorrect if the 100MA continues to act as resistance, and the price falls through the uptrend line. In this case the price can retrace to the next support zone of $67-$71.