NEO price tries to return to the lower border of the indicator

NEO has crossed the midterm descending trend line on the Hourly chart. The currency pair shows intentions to move even higher. We have drawn an ascending trend line as the currency pair seems to change its direction. NEO price is above the support area at $62.29 currently. NEO is far from the Ichimoku cloud meaning buyers are controlling the market.

The possible scenarios for NEO/USD are the following:

1. The currency pair will jump off the current support area at $62.29 and move higher targeting the closest resistance area at $68.38.

2. NEO/USD will cross the support area at $62.29 and move lower towards the green ascending trend line to test it. Seller will be able to push NEO even lower if successful.

3. There will be no significant changes in price.

NEO/USD has left the Ichimoku cloud on the daily chart, but there is no momentum. NEO price tries to return to the lower border of the indicator. There is no clear tendency in the moment of writing.

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