NEO stopped to decline on Thursday. The currency pair is in flat currently. NEO/USD has lost almost two percent in the past 24 hours. However, the situation remains neutral as bulls and bears have found balance.
NEO has broken through the ascending trend line and declined towards the support area at $32.31. The currency pair attempted several time to test this level, but bulls still hold their positions. There are no signals currently.
As for the scenarios, there are two of them. Bears are able to push NEO/USD lower targeting June lows at the support area at $27.78. This bearish scenario has 50 percent probability currently. The other way for NEO/USD is to break through the resistance area at $36.45 and move higher, targeting the next resistance at $40.30.
Check the full crypto analysis HERE>>>.
NEO has broken through the ascending trend line and declined towards the support area at $32.31. The currency pair attempted several time to test this level, but bulls still hold their positions. There are no signals currently.
As for the scenarios, there are two of them. Bears are able to push NEO/USD lower targeting June lows at the support area at $27.78. This bearish scenario has 50 percent probability currently. The other way for NEO/USD is to break through the resistance area at $36.45 and move higher, targeting the next resistance at $40.30.
Check the full crypto analysis HERE>>>.
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