NEO followed alongside Ethereum and rebound quite nicely after we dipped below $50 at the start of April.
We can see a nice “Adam and Eve” double bottom and then a steady bullish run developing.
Notice that there is a increase in bullish momentum, even though the sellers are stepping in on the short term.
Should the market prove to have more buyers than sellers this week I would expect a good break to the upside.
Should support fail we will most likely retest $56 – $60.
Support – S1: $60 – S2: $56 S3: $30 – $40
Resistance – R1: $70 – $72 – R2: $80 – $90