✳️ NEO Breaks Its Downtrend (124% Target Mapped)

➖ After forming a V bottom, NEOBTC moved upwards to break out of its early 2023 downtrend and this on rising volume.

➖ After the initial bullish breakout, late October through early November, we have a classic retrace ending in a higher low.

These two signals tells us that NEO is ready to go.

➖ Currently we see price action taking place above EMA50, which is another signal of strength.

All these combined gives us a high probability for a new and strong bullish wave.
The targets on the chart are short-term based.

Thank you for reading.

Namaste.