By Deya Hroob







NEO Daily Chart . Neo is now at strong resistance. . Neo is making higher lows. . Neo is at a decision point now. NEO is currently trading below the moving averages. It's also forming an ascending triangle pattern.

Bulls need to break up $7.25 resistance level to resume the uptrend. Thus, if traders want to trade this, they should place a buy order just above this level. However, don't rush in the trade, we need a close candle above this level. A close candle on 4h chart is fine.

Our first target will be at $8.50( 50-day EMA) , thereafter $10 level.









In the down side,we would set a selling order below the slope of the higher lows. Remember again, we need a close candle below the trend line of the triangle pattern. Our selling target will be at $4.

The point we are trying to make is that you should not be obsessed with which direction the price goes, but you should be ready for movement in EITHER direction.