NEO Current Pivot Points

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NEO Resistance

The first chart shows the easy retail raid (pink box) is the short term resistance. Above that is a stronger structural long term level at 0.00174

Traders that like to buy into strength will be buying the breakouts of the 2 levels mentioned above.

NEO Support

There is a lot of congruence happening between the left & right side of the chart. To me that shows the market is trying to construct strong support levels. Yes BTCUSD always rules the Crypto market swings, but the effort going into building support is real for now.

The orange box at 0.00115 is support. If the current retrace holds into that box and then bounces with increasing volume bulls will push hard on the next leg for a ride you’ll want to be on.

Disclosure. The author does not own any NEO.

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