Since the all-time high when NEO-price (around 200 U.S. dollars or 170 Euro) recorded a 86 percent rate of loss to beech. A bullisher Pullback was made at the level of USD 27 (EUR 23). It has achieved the bottom?
The NEO-course is removed as various other Altcoins very far from its all-time high. At the end of June 2018, the Price has formed a new Low at 27 US dollars (23 Euro) since its High. At the beginning of July, there was the good news that an independent Consensus-Node has been selected. The number of candidates standing for election, and the voters can be discussed. In any case, this news helped the rate to the legs. Here is the connection made sufficient purchases to push NEO again to 43 US dollars (37 Euro). Due to this upward impulse, it was possible already at the end of April 2018, the established downward trend.
The formation of clouds in the Ichimoku-Kinko-Hyo-indicator speaks in the medium term for further courses. In the short term, there is just an interesting Setup.
Due to the short-term upward trend in the NEO-course for more purchases. The imminent short-term downward trend, currently at 37,20 dollars (31,90 euros), with the trend is broken. If this succeeds, the Resistance of the Ichimoku-Kinko-Hyo-indicator, the price within the cloud in the way. A large buy signal occurs during the breakthrough of the accounted for 48.44 US Dollar (41,54 EUR).
The course objectives are then:
- 60.40 to the US Dollar (51,79€)
- 73,39, US Dollar (62,93 EUR)
- 90,61 US Dollar (77,70 Euro)
The short-term upward trend in the NEO-course cannot be held. The course shows significant weakness, and slips under the 27,62, US Dollar (23,68 Euro). Under this brand, the NEO is able to control course of the year lows. An important objective of the course is 23,28 US Dollar (19,96 Euro).
This is enough for a recovery, would further downside targets for the NEO course. In the long term, 17,01 US-Dollar (14,59 Euro) or even 12,15, US Dollar (10,42 Euro).
The Chart from the NEO course looks promising. Just in the short term, you can now use a greater Chance. In the long term, it would be desirable, that the cops have the power to keep the course in 27 US dollars (23 Euro). Including further losses.
Disclaimer: The presented on this page, rate estimates do not constitute buy or sell recommendations. They are merely an assessment of the analysts.
Images on the Basis of data from binance.com at 06:57 PM am 20. July created. For a deeper understanding of the concepts of rate analysis, please refer to this Link.