BITTREX:NEOUSDT   Neo / Tether
NEO ( NEOUSDT ) continues its decline this week and is approaching the monthly low around $49.

Price is coming down to the support level around $40 which has been a strong resistance during the last few months of 2017.
We can reasonably expect buyers to show up at these prices but first we need to see a break of the descending trendline and a retest for confirmation.
If price starts pushing up from the support level we expect it to reach the next significant resistance around $80 before making any long term assumptions about where price could possibly go.

At the moment it's best to wait and see what price does when it reaches $40.

Good Luck,
CryptoTrendline
not $35?
Reply
CryptoTrendline YourFriendFrank
@CryptoBlake, It may go down to $35. First we need to see what price does when it reaches $40.
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