DU09

NEO/USD - Rejected by resistance, reload lower

Short
BINANCE:NEOUSDT   NEO / TetherUS
NEO hit the resistance at $25 and is now correcting lower. Targets are on the chart and the current bias is bearish until we touch the support line at $20 or $17.

Indicators are also curving for a correction, therefore, do not long this chart. Wait for support to be established.

On the weekly Neo is looking good with a first target at $50. I also see a large wedge forming, therefore we may have a more sustained correction after we hit $50.

Long term bias is bullish.

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