https://app.icex.ch/en/feed/technical-analysis/2915-neo-consolidation-on-a-falling-trendNEO after a quick rebound to $ 80, fell again and got pinned to the upper boundary of the medium-term support area of about $ 50.
Short-term balance of sellers and buyers is found: for a few days the quotes were within a narrow range.
Meanwhile, MAcross on the weekly chart rushed towards the signal for sale.
According to all the indications, this mid-term trend is a falling one. Now there is a consolidation near local minimums. And further decline is more likely.
Nevertheless, the upside turn potential is already quite big and it can begin to be realized at any time.
A good place to open short positions is seen in the area around $ 80. The targets at new minimums are under $ 50.
If the quotes are fixed below $ 50, then the risk of a big fall is quite high: the rate might fall to about $ 15 and lower.
Given that a year ago, NEO was worth less than $ 0.20, $ 15 - is a very good price for sale.
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I think Neo is a very good project so you can invest in long term. It can be seen that NEO is considered as version 2.0 of ETH, which is the basis of valuable coin. So in terms of application and long term you should invest in NEO.
The current price NEO is slightly adjusted and decreased because this is a general outlook of the market. Therefore, when the market rebounds NEO prices will increase extremely strong.