NEO Price Prediction: Long-term (NEO) Value Forecast – June 22
- The long-term outlook has the bulls dominating the market.
- Responsible buying may be considered
NEO/USD Long-term Trend: Bullish
Supply zone: $20.00, $25.00, $30.00
Demand zone: $2.00, $1.00, $0.50
NEO continues in the bullish trend in its long-term outlook. The brief drawdown by the bears at $14.76 in the supply area on 17th June dropped price to $13.26 in the demand area on 20th June with momentum loss.
This was at the 23.6 fibs a trend continuation zone coupled with the hammer around the 10-EEMA was a confluence for the bulls come back.
Price rose initially to $14.23 and as at today, NEOUSD was already up at $14.89 in the supply area.
$15.04 was the previous high on 30th May is up for a retest and a breakout most probably to occur in the long-term.
The stochastic oscillator signal points up at 80% in the overbought region indicating upward momentum in the cryptocurrency price.
Price is above the two EMAs which seems fanned apart suggesting strength in the context of the trend hence bullish continuation in the long-term. $20.00 in the supply area is the bulls' target in the long-term.
Live Neo (NEO) Price:
1 NEO/USD =$47.2402 change ~ -5.18%
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