NEOUSD Falling Wedge right on 0.618 fib retracement and structure. Let's see if predictions play out correctly and we break to the upside and create a bullish flag.
Main reason why I see a bullish flag is because alot of other cryptos doing the same at this moment (Bitcoin, Litecoin and Ethereum).
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Ethereum analysis
Litecoin analysis
Bitcoin analysis
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NEO UPDATE: Neo is playing out perfectly so far. Broke out of the Wedge and attracted a bunch of bulls. The Coin has risen from $27.365 when the analysis was created to around $31.851, ~14% increase in 3 days and I see it going even higher up from here. The bullish flag initial prediction was very bold, even when price was still inside the Wedge consolidating but let's see how it plays out.
@johnne215, As a maximum retracement yes. As you can see in the lower box I drew, once price reached it, it shot up indicating a big interest for buyers and then it started creating this wedge slowly and is currently respecting it pretty well as support. So my prediction is basically: NEO test 33-35$ area BUT a minor retracement to 23$ might occur before.