The current number 12 of the largest crypto currencies has been showing very constructive price patterns for months, which run according to the same pattern: Dynamic price increase - reset to the last breakout level - rise to new highs. The intervening corrections become shorter in time, which is an extremely bullish aspect.
After pullback to the last breakout level at $ 48- $ 57, NEO is pulling up again, breaking the all-time high at $ 84 today. This could now come to a rally acceleration, the calculated price target of the large outbreak movement from the month-long sideways range is $ 245. Later, gains in the direction of $ 800 are conceivable.
Alternatively pullbacks up to 57 or 42 - 48 USD are possible. From there, the cops could take over again. A sustainable slippage below 42 USD, however, would be critical in the short term.
Great analysis, thanks for sharing!!!