Neo after reaching ath. 84.41 usd fell back to the 38.2% fib level of the bullish move that we saw from 33 usd to 84.41 usd, from there it found support and bounced up to face strong resistance at the 61.8% fib level, currently we have:
1> Descending triangle
2> Volume decline
3> Rsi down
4> Macd cross in daily chart.
If a breakdown occurs then we might see price falling back to 50 sma level. However if the bulls takeover and price manages to breakout of the upper trend line and subsequent resistance zone at the 61.8% fib levels then we might see test of recent highs.
https://www.tradingview.com/chart/ULiIerWr/
1> Descending triangle
2> Volume decline
3> Rsi down
4> Macd cross in daily chart.
If a breakdown occurs then we might see price falling back to 50 sma level. However if the bulls takeover and price manages to breakout of the upper trend line and subsequent resistance zone at the 61.8% fib levels then we might see test of recent highs.
https://www.tradingview.com/chart/ULiIerWr/