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 extremely potential and is rated as ETH version 2.0, which is the foundation of the potential coin, good coin. I believe that with the NEO development NEO will soon rise again. This point NEO price is being restrained partly because the current price of BTC is moving and can not continue to increase.