strong buy
Potential Bullish Breakout for NEO/USDT with Target Near $16
NEO/USDT is currently developing an ascending triangle pattern on the daily chart, indicating a potential bullish trend. Watching the support level around $6.29, there could be an opportunity to accumulate for a possible breakout. Should the price break above the triangle's resistance and the 200-day moving average, a significant upward movement towards $16 might follow.
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AI Analysis
The development of an ascending triangle pattern on the daily chart of NEO/USDT suggests that buyers are gradually gaining strength, tightening the range as they attempt to push prices above the resis...
AI Recommendation
Traders should consider accumulating NEO near the current support level around $6.29, positioning for a potential breakout. It is prudent to wait for a confirmed breakout above the triangle resistance...
Disclaimer
The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.
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