CryptoComes

NEO/USD In Flat. What's Next???

The currency pair has added less than one percent in the past 24 hour. NEO/USD seems to develop its upside correction, but below the green ascending trend line. The curency pair fluctuates with no direction in general as it is unable to overcome las weeks highs.
Let’s have a closer look at the current situation. NEO/USD has reached the closest support area at $53.20 on Wednesday but later went upwards. It stays in the middle between the resistance area at $56.00 and the support area at $53.20. The possible ways for NEO/USD are the following:
1. Red scenario (bearish). The currency pair will break through the closest support area at $53.20 and move lower, targeting the support area at $50.24.
2. Orange scenario (neutral). NEO/USD will stay within this horizontal range, limited by the support area at $53.20 and the resistance area at $56.00.
3. Green scenario (bullish). NEO/USD will reach the resistance area at $56.00 and cross it targeting the next resistance area at $58.03.

Check the full crypto analysis HERE>>>.

All trading ideas every day on CryptoComes: u.today/pricewise

Everything about blockchain and crypto, Live 24/7 on CryptoComes: u.today/pricewise

Follow me and trade smarter with our insides!
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.