As of 17 January, the NEO price does not update local lows. Is this sentence worthy of starting our new forecast for the NEO cryptocurrency? Undoubtedly so! Stopping the fall trend is the first signal before the start of the reversal trend. The heroic maintenance of the $18 mark and the bottom trend line of the global growth channel, in which the NEO price has been moving since March 2020, has allowed buyers to organize consolidation. The accumulation of positions for the first growth impulse was set by buyers as a target in the formation of consolidation in the range of $18-$30. A fairly wide range of consolidation indicates the scale of buyers. If the purchasing area is about 70%, then the growth wave is planned to be clearly higher. https://www.tradingview.com/x/VMgNmSzJ/ At the time of writing, the consolidation in the NEO market has been going on since November 2021. The weekly candles of 4 April indicate that this consolidation is coming to an end and buyers are preparing to break the upper limit of $30. Where did we see the signal to complete the consolidation? This secret lies in the trading volumes during January-April 2022. Note that at this period, the trading volumes during growth began to increase. Instead, local attempts by sellers to continue the downward trend took place at low volumes and without much danger. A striking example of this are the weekly candles on 4 April. Two weekly candles in a row without any ...
