🧼NEO - forming C&H daily/weekly view--- 1D Chart ---
The price is getting squeezed inside of the formation and soon will be forced to make a move either way. It's currently below both 200EMA/MA. After a successful breakout--; so- claiming the upper trendline (daily dynamic resistance) and both moving averages we can expect further growth. The next levels of interest in case of another dump are 31.88, 25.43 and the lower trendline level (green)
--- 1W Chart ---
On the weekly chart we can clearly see a Cup & Handle pattern forming. The price is currently in a very "busy" area of many support and resistance levels and has just touched the dynamic weekly support.
There's a lot of long-term potential here, so if you desperately want to get into something but don't have better ideas, NEO could be an option 🤟🤟 (once this setup plays out)
