Neo Breaking Support

Neo has fallen quite a bit over the last week, currently testing the lower bound of the KRI. Although this is a setback, we still seem poised to rebound, and current levels can be thought of as good entry opportunities. The Kovach Momentum Indicators have dropped to reflect the weakness. If Neo breaks down further, we'll have support at $100, $95, and $92. The first major level from above is $110, which is an important psychological and technical level. It corresponds to a Fibonacci level and a Fibonacci Fan level. Next, we have $115, $118. Further, from above, we have $124, $126, $131, $134, and $138, before we can think about levels in the $140's. If weakness continues, we have a bullish crab cypher pattern forming which could portend a breakout.


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