- When analyzing NEO’s 3-hour technical chart, it is observed to continue its upward trend after surpassing the $14.80 resistance level. The nearest resistance level is identified as $15.18.
- In the event of a decline to the support range of $14.636 – $14.448 as indicated in the analysis, investors can consider taking long positions. In this case, the stop loss level could be set at $13.90.
- It has been observed that NEO has provided investors with a gain of more than 5%. As long as the support levels mentioned in the analysis are maintained, NEO is expected to continue its rise towards $25.
Analyzed NEO’s 3-hour chart, showing upward trend post $14.80 resistance breakthrough, eyeing $15.18 resistance; potential long positions suggested at $14.636 – $14.448 support range with a stop loss at $13.90, as NEO aims for $25 target amidst over 5% gains.
MEDIUM TERM NEO ANALYSIS
3-Day NEO/USDT Technical Chart
When we look at the technical chart of NEO, after closing candles above the $14 level, it rose to around $18.37. We shared the analysis of NEO coin with you on March 24th. We indicated that the support range for spot investments in NEO coin is $12.81 – $13.95 and that spot investments targeting $25 could be considered.
NEO coin continues its rise after touching the mentioned support. Today, NEO has provided investors with a gain of more than 5%. As long as the NEO price remains above the support zone mentioned in the analysis, it will continue its rise towards $25.
NEO investors can consider spot investments targeting $25 with a stop loss below $12.81.
SHORT TERM NEO ANALYSIS
3-Hour NEO/USDT Technical Chart
When we look at the 3-hour technical chart of NEO, it continues its upward movement after surpassing the $14.80 resistance level. The nearest next resistance for NEO coin is at $15.18. In the coming hours or days, if NEO coin experiences a drop to the support range of $14.636 – $14.448 as indicated in the analysis, long positions can be initiated.
In the event of a drop to the support range of $14.636 – $14.448 as indicated in the analysis, long positions with a stop loss at $13.90 can be entered for NEO coin. If NEO coin reverses from the mentioned support zone, the initial target for the upward movement will be $17.52. After surpassing $17.52, the next target for NEO coin will be $25.
Investors who enter long positions in NEO coin from the mentioned range can aim for $25 with a stop loss set at the entry level of $17.25 after taking profits.
Read the full article here
