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

#1670
margincall
margincall
Keymaster

The NEO market has been nice and volatile against Bitcoin recently providing excellent trading opportunities for the shorter term traders. Lets take a look at the chart.

NEO vs BTC

NEOBTC forecast 4 March 2018

The 1day candles give us a clear view of the recent carnage and a good idea of the immediate support levels.

The experienced trader will notice the massive cup and handle is busy forming.

I am looking towards 0.01 btc as critical near term support and consolidation above this level will keep me bullish on Neo.

Should support fail at 0.01 there will be a new floor set.

Resistance is pretty solid around 0.014 – 0.015 and we will most likely see a battle between the bulls and bears this coming week.

Look for the moon above 0.015, safe trades.