NEO Could Keep Climbing After Brief Consolidation at Support

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In Brief
  • The NEO price has found support above its 200-day MA and the ₿0.001190 support area.

  • Long-term indicators appear bullish.

  • The price is possibly trading inside a short-term descending wedge and has generated a bullish divergence.

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The NEO price has broken out above an important resistance area and moving average, and has validated them as support afterward. As long as the price stays above these two levels, its outlook is bullish and NEO is expected to continue increasing. NEO Long-Term Movement The weekly chart shows that NEO has moved above an important resistance area at ₿0.001190 with high volume. If the
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Valdrin is a cryptocurrency enthusiast and financial trader. After obtaining a masters degree in Financial Markets at the Barcelona Graduate School of Economics he began working at the Ministry of Economic Development in his native country of Kosovo. In 2019, he decided to focus full-time on cryptocurrencies and trading.

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