NEO Price Prediction: Long-term (NEO) Value Forecast – June 15

Azeez Mustapha
June 15, 2019

The bulls are in control of the long-term outlook.
Responsible buying may be considered in bearish exhaustion areas.

NEO/USD Long-term Trend: Bullish

Supply zone: $20.00, $25.00, $30.00
Demand zone: $2.00, $1.00, $0.50

NEO is in the bullish trend in its long-term outlook. The bears could not continue the journey down as the bull stepped in on 9th June at the 50.0 fib area which is at $11.25 in the demand area. The 10-EMA was broken as NEOUSD rose to $12.50.

The bullish pressure remained strong during the week with the cryptocurrency up at $13.55 in the supply area.

$14.50 in the supply area is already attained which is the23.6 fibs area a trend continuation zone as the bulls target a retest of $15.04 and subsequently breakout in the days ahead.

Price is below the two EMAs with the stochastic oscillator signal pointing up at 73%. The upward momentum in price of the coin in the long-term.

The views and opinion as expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

Azeez Mustapha

Azeez began his FinTech career path in 2008 after growing interest and intrigue about market wizards and how they managed to become victorious on the battlefield of the financial world. After a decade of learning, reading and training the ins and outs of the industry, he’s now a sought after trading professional, technical/currency analyst and funds manager - as well as an author.