NEO has lost about 11 percent in the past 24 hours and it closes our top five bigger losses from top 20 marketcap cryptos. NEO/USD reached the support area at 59 today and jumped off towards the resistance are at 62. The volatility is below average today and there is no tendency currently. NEO price is far below the Ichimoku cloud.
The possible scenarios for NEO/USD are the following:
1. NEO will cross the resistance area at 62 and develop its progress towards the next resistance level at 68. There NEO/USD will meet the descending midterm trend line.
2. The currency pair will jump off the resistance area at 62 and move towards 59 support area. If it tests it successfully, bears have chances to push the price even lower, establishing new local lows.
3. NEO will remain close to the current levels.
AS for the daily chart, Neo seems to leave the Ichimoku cloud, but without any significant momentum. The midterm situation remains unclear.
Check the full crypto analysis HERE
The possible scenarios for NEO/USD are the following:
1. NEO will cross the resistance area at 62 and develop its progress towards the next resistance level at 68. There NEO/USD will meet the descending midterm trend line.
2. The currency pair will jump off the resistance area at 62 and move towards 59 support area. If it tests it successfully, bears have chances to push the price even lower, establishing new local lows.
3. NEO will remain close to the current levels.
AS for the daily chart, Neo seems to leave the Ichimoku cloud, but without any significant momentum. The midterm situation remains unclear.
Check the full crypto analysis HERE
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