NEO/USDC Review

Today I want to share the analysis of a medium-term deal on the NEO/USDC pair. Initially, I worked on this pair intraday. Later I noticed the global trend and decided that it would be better to hold the position a little longer.

After a small recovery, the price returned to the 5.282 - 6.145 zone. The volume profile makes it clear that this is a high demand zone and we will probably see an upward rebound. Stochastic indicators remain at lower values, which demonstrates that the asset is oversold. For now, I see a likely price increase to 10.169 with possible consolidation, after which a rise to 15.4 and fixation.

I remind you that I do not give any signals, this is just my vision of the market. No one ever knows how the price will behave. This is just my assessment of the probability and my analysis.