- NEO reversed from the resistance zone
- Likely to fall to support level 6.00
NEO cryptocurrency recently reversed from the resistance zone between the round resistance level 8.00 (which has been reversing the price from May) and the upper daily Bollinger Band.
The downward reversal from this resistance zone created the daily candlesticks reversal pattern Bearish Engulfing which stopped the earlier extended wave (2) from April.
Given the clear daily downtrend, NEO cryptocurrency can be expected to fall to the next support level 6.00 (which stopped the previous waves iv and b).
By the FxPro Analyst Team
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By the FxPro Analyst Team
Follow our dedicated Telegram channel t.me/fxpro for insightful market analysis and expert commentary.
Reach out to media.comments@fxpro.com for PR and media inquiries
Follow our dedicated Telegram channel t.me/fxpro for insightful market analysis and expert commentary.
Reach out to media.comments@fxpro.com for PR and media inquiries
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。