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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You can see that NEO today broke the trend and increased strongly, so this is a very good time for you to buy NEO. According to my analysis, NEO prices have just broken and are still growing strongly. So you should Buy NEO and make a clear and concrete investment plan right now. According to my analysis, the bitcoin price will be able to continue rising strongly in the coming days and may reach the $ 10,000 level.