Binance Hot list coin August 11, 2020 : NEOUSDT #3

Neo is trending slightly below the white zone which is the strong resistance zone. It's categorized as a strong resistance because it has an alignment with the resistance trend line and the golden pocket zone. An initial rejection is a normal behavior as we see the price pushes higher to break out of the white zone. Once we get the break out confirmation of this white zone, we'll see higher level of the price structure. If the price can breaks out of this resistance zone, we'll see the $17 and $21 in the next run.