Forum Forums Neo (NEO) Forecast – Technical Analysis Neo (NEO) Technical Analysis – April 2018 Reply To: Neo (NEO) Technical Analysis – April 2018

#17566
margincall
margincall
Keymaster

NEO followed alongside Ethereum and rebound quite nicely after we dipped below $50 at the start of April.

NEOUSD forecast 16 April 2018

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.

Summary:

Support – S1: $60 – S2: $56 S3: $30 – $40

Resistance – R1: $70 – $72 – R2: $80 – $90