Crypto Screener Forums Neo (NEO) Forecast – Technical Analysis Neo (NEO) Technical Analysis – April 2018

This topic contains 1 reply, has 2 voices, and was last updated by margincall margincall 10 months, 1 week ago.

  • Creator
    Topic
  • #17180
    CheesePuff
    CheesePuff
    Moderator

    This is the thread for analysis on the Neo markets in the month of April 2018.

Viewing 1 replies (of 1 total)
  • Author
    Replies
  • #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

Viewing 1 replies (of 1 total)

You must be logged in to reply to this topic.