Crypto Screener Forums Neo (NEO) Forecast – Technical Analysis Neo (NEO) Technical Analysis – January 2018 Reply To: Neo (NEO) Technical Analysis – January 2018

#1361
margincall
margincall
Keymaster

Neo has been charging like a bull since it broke out of the channel last week.

NEOUSD forecast 15 Jan 2018
We can see that the very immidiate support is around $155 and the short term is around $145.

It does look like we hit a double top with $170 as resistance, I would expect a retrace back down to $145 should this little bullrun fail.

I am anticipating a breakout trade should we break above $170 with good trading volume.

Speculators that failed to get in after taking profits at $140 might jump back into the market causing a bit of fomo.

Prices went up very fast and I would expect a bit of a correction here, however NEO is very bullish right now, and we are not planning on selling any!