NEO Analysis

* We always provide both the bullish and bearish scenarios because the traders should be aware of what to expect in both cases.

Like other coins, NEO has suffered from a sharp fall. The fall has been stopped by the uptrend and now hold the price. If the uptrend can hold the price more, a rally to the moving averages is expected around $64, where we predict strong resistance. To go strongly bullish on NEO we need to clear this zone and go above the moving averages.

On the other hand, if the bears succeed to take NEO down the uptrend, a fall to $39.50 level is possible.

Please be noted that I'm just giving the possible higher or lower levels developing according to the chart patterns. It's my own analysis. You should conduct your own research when making a decision.