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

This topic contains 1 reply, has 2 voices, and was last updated by margincall margincall 1 year, 4 months ago.

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  • #1642
    CheesePuff
    CheesePuff
    Moderator

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

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  • #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.

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