BTC-NEO Chart

NEO had a very nice run up yesterday and ran into major resistance of 012 BTC. It made two attempts but failed to break out and now retracing back to first support level

-Fibonacci retracement support 38.2%
-Bounced off 30 Moving Avg once
-Uptrend line support.

If NEO fails to hold current support level, it will most likely get support at 50% Fib retracement, around 00825 BTC

Current status is consolidating, continue trading above trendline, need more positive catalyst for price to resume uptrend and make another attempt to break 012 BTC resistance.

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