NEO Technical Analysis: The Main Range Is Under The Control Of Buyers

The last three trading weeks in the NEO market have revived investors and given them hope to restore the growth trend of cryptocurrency. Although trading volumes on the weekly timeframe remain small, the NEO price begins the reversal process. Relatively increased trading volumes during the trading week of 14 February showed buyers where there is a local barrier to growth. This is the $27 mark range. After the meeting of NEO price in this range a month and a half ago, sellers became significantly more active. The main advantage of buyers at the moment is the confident retention of control over the mark of $18. This mark has historical significance. In history, we see that for 2.5 years, buyers could not break this markup. It was taking it under control in December 2020 that created a new era in the NEO market. https://www.tradingview.com/x/3Dq9Z7Bw/ Therefore, a rebound from this mark is extremely likely to happen. The main question is how long it will take buyers to gather strength and what is the final growth target. As the NEO price moves in consolidation, a re-test of the $18 range can be expected. In this range, there will be a great chance to buy NEO with low risks. The first medium-term growth target of NEO is $60. Sellers are more likely to activate near this mark. It is at this point will understand the balance of power in the NEO market and whether to expect continued price increases. Technical Analysis Of NEO On The ...