NEO Price Prediction: NEO Coin Forecast Analysis

Welcome to BitcoinExchangeGuide.com's NEO Price Prediction summary where we reveal all NEO coin value analysis, forecast charts and market data.

NEO (NEO) Price Predictions: Expert Market Data Forecasts and NEO/USD Value Charts

NEO Long-term Price Analysis: June 8, 2019

• The long-term outlook is in a bearish trend.
• Responsible selling may be considered at the key areas with bearish reversal candles.

NEO/USD Long-term Trend: Bearish

Supply zone: $15.00,$20.00, $25.00 Demand zone:$2.00, $1.00,$0.50

NEO is in the downtrend in its long-term outlook. The rejection of upward price movement at $10.32 in the supply area results in bears taking control of the market. Moreover, the area was once tested on 4th April. This created a double top formation that favours the bears continued dominance in the long-term The large bearish candle on 3rd June at$14.34 drops the cryptocurrency initially to $10.32 in the demand area, and further down to$11.00.

• Support levels: $10,$9, $8 The market positions between NEO/USD have been relatively wallowing in a downward moving mode. The major decline occurred during June 3 trading sessions while the market visible got the dump to the south. The 50-day SMA indicator was also seen broken to the downside during the declination process in the market. The Bollinger Lower Band has been touched, and the market has continued to trade around it on the upper side. The Stochastic Oscillators have been able to slightly head out of the oversold zone to point north-east. There is potency that the pair may be resisted between$13 and $12 price levels so that the bears’ movement could resurface in the market. However, the market’s upswing may come up between support levels of$10 and $9 marks. NEO/USD Short-term Trend: Ranging The market movements of NEO/USD have been featuring in a range. The range movements have been within$12 and $11.50 price levels. Yesterday’s trading sessions witnessed a low mark at the touch of the Bollinger Lower Band around$11.20 point.

The trading indicators are all in conformity with the trending to the east direction. The stochastic Oscillators are now swinging around range 80 near the overbought zone.

The pair may prolong its current choppy price movements around $12 and$11.50 marks for a while prior to finding definite direction. However, traders are enjoined to brace up for a bullish set-up that could form below the SMA trading indicator of this crypto-trade.

Author: Azeez M

NEO Long-term Price Analysis: June 2, 2019

• The long-term outlook is in a bullish trend.
• The 1.618 in the fibs at $19.17 is the bulls target in the long-term. NEO/USD Long-term Trend: Bullish Supply zone:$20.00, $30.00,$40.00
Demand zone: $2.00,$1.00, $0.50 NEO continues in the uptrend in its long-term outlook. The strong pressure on the cryptocurrency by the bulls’ comeback at the 61.8 on 18th May has kept price up with new high each week.$12.59 and $15.04 in the supply area were the highs on 20th and 30th May respectively. The new week is started on a bullish note with today’s opening candle at$13.72 higher than last week opening price at $11.45, an indication that the bulls are more in the market. Price is above the two EMAs that are fanned apart which suggest strength in the trend and in this case the uptrend. The journey to 1.618 of the fib extension with price at$19.17 in the supply area is the bulls target in the long-term as the bullish momentum increase and more bullish candle open and closed above the two EMAS.

Author: Azeez M

NEO Long-term Price Analysis: May 26, 2019

• NEO has been under a checkmating influence by the US dollar price worth in the market.
• The bears may gain an advantage in the current consolidation movement to push the market southwards toward a previous low point at $8 mark. NEO/USD Long-term Trend – Ranging • Distribution territories:$16, $18,$20
• Accumulation territories: $8,$6, $4 NEO/USD market has now resorted to trading in a range after a notable rise in valuation to the tune of a high point at$14 on May 16. The crypto has now been slightly checkmated by the US dollar hence the reason for the present choppy price movements been majorly featuring around $12 mark. Now, about three days, the market has been very tightly hovering around the 14-day SMA near the$12 horizontal line from below. The 50-day SMA is located underneath the 14-day as they are separated by a small space. The Stochastic Oscillators have formed a conjoint hairs outlook around range 60. That indicates that the market is currently facing a strong consolidation movement around its present trading location.

The NEO/USD market has now had three major price lines to carry on its choppy movements. And, they are $14,$12 and $10 marks. However, the bears are not expected to push past the immediate accumulation territory at$8. Therefore, the bulls may have to build up their energy from around the $10 lower range point to make a good upswing out of the range zones. Author: Azeez M NEO Long-term Price Analysis: May 19, 2019 • NEO/USD still in a bullish trend outlook in spite of a notable line of declines in its market valuation. • The two SMAs have now formed together to define the NEO/USD trade's movements to the north direction. NEO/USD Long-term Trend – Bullish • Distribution territories:$16, $18,$20
• Accumulation territories: $8,$6, $4 In spite of a notable decline that occurred between May 16 and 18 in the NEO/USD market valuation, the crypto-pair’s trend is yet in a bullish outlook. After a slight kind of erratic price movements in the crypto-trade on May 13, the market eventually got push to test a price value at$14 mark on May 16.

Shortly, the crypto-trade began to make a retracement move to touch the two SMAs at their touching point located a bit over $10 horizontal line. Presently, the crypto has been seemingly striving once again to regain its momentum around the touching location of the 14-day SMA and the 50-day SMA indicators. The Stochastic Oscillators are now attempting to close hairs at range 60. Most of the trading indicators still point to the north to suggest that the bulls are in control of this crypto-market. The two trading SMAs have slightly joined together at a point a bit over$10 mark to seemingly end the correction from a high value at $14 mark. Therefore, the market is now expected to surge northwards further past its aforementioned high point. Author: Azeez M NEO Long-term Price Analysis: May 12, 2019 • NEO/USD market has been basically fluctuating around$10 and $8 price territories. • The NEO/USD market range movements may continue until the next trading sessions. NEO/USD Long-term Trend – Ranging • Distribution territories:$14, $16,$18
• Accumulation territories: $7,$5, $3 The price movements between the market of NEO and the US dollar have declined in a range running-manner to closely average a low mark at$8 on May 10. On the succeeding trading day, the crypto managed to slightly stride upward to break the 14-day SMA indicator, and in the process eventually touched the 50-day SMA from below.

The two trading indicators have now only been separated apart by a short space which now witnesses the pair’s fluctuation in the market. The Stochastic Oscillators now slightly point to the north at around range 40.

The market operations between the cryptocurrency and the US dollar may continue to move in a range around its current choppy territory at $10 mark until the next trading sessions. The bulls may have to struggle to push northwards out of the present choppy market movements by finding or building their foundation between the$10 and $7 marks. However, a forceful breakdown of the immediate accumulation territory could bring about letting the bears have the control of the market probably for a number of trading day sessions. Author: Azeez M NEO Long-term Price Analysis: May 5, 2019 • NEO/USD market worth has been moving in range manner around$10 price line.
• During a strong market movement to the downside, the bears may lack the energy to put the trade below the $7 immediate accumulation territory for a long time. NEO/USD Long-term Trend – Ranging • Distribution territories:$14, $16,$18
• Accumulation territories: $7,$5, $3 As most of the crypto-business operations have been experiencing definite range price movements, NEO/USD trade isn’t isolated. Over a week, the NEO/USD market worth has been moving in range manner around$10 price line.

The US dollar appears to have a slight weight over NEO as the market has now been seen hovering along the 14-day SMA closely under the 50-day SMA. The two trading indicators are closely located around the $10 range spot. The Stochastic Oscillators have briefly crossed hairs a bit above range 40 to point south-east. That suggests the possibility of seeing a range of market movement in continuity. The NEO/USD choppy price movement has posed an indecision trading condition that may still last until the next trading sessions. However, traders are as well enjoined to be on the lookout for a strong price movement of the market that may emerge through these three key marks at$12, $10 and$8. The bears may lack the strength to push the market downwards past the immediate accumulation and hold on for long below it.

Author: Azeez M

NEO Long-term Price Analysis: April 28, 2019

• NEO/USD trade has been basically fluctuating around $10 point over time. • The NEO/USD market has now had$12, $10 and$8 price points to be considered while entering or joining the crypto-trade.

NEO/USD Long-term Trend – Ranging

• Distribution territories: $14,$16, $18 • Accumulation territories:$7, $5,$3

The market trading zones of NEO/USD have been witnessing a series of little downs and ups over time. Currently, the crypto-trade has been fluctuating around $10 point. The two SMAs are closely situated above the market point as the 14-day SMA has briefly crossed the 50-day SMA from the top. Price has continued to flutter around the SMAs’ trend-lines. The Stochastic Oscillators now point south-east a bit over range 20. That still suggests the possibility of seeing range price movements in continuation moving mode. Three key market points now have to be put into consideration while dealing in this crypto-trade. And, they are$12, $10 and$8 marks. The price territories of $10 and$8 points are expected to turn out as the strength mustering zones for the bulls. The $12 mark could be a cautious point if the market rallies after a possible breakout as that could as well cause bulls’ trap. Author: Azeez M NEO Long-term Price Analysis: April 21, 2019 • NEO/USD market has now entered a range movement. • The bears are fading off gradually from the NEO/USD market forces of this crypto-trade. NEO/USD Long-term Trend – Ranging • Distribution territories:$16, $18,$20
• Accumulation territories: $8,$6, $4 A notable chain of choppy price movements has spotted in the NEO/USD market valuation over a couple of days back. Lately, the crypto-pair was relatively in a bearish outlook while its 14-day SMA was breached southwards to approach a low price mark at$10.

The 50-day SMA indicator was also found at the said market point awaiting the breaking of the bears then. But, they couldn’t even touch it in the long process. Therefore, the need for the current flap movements in the market. The two as SMAs are now located within $12 and$10 range zones of the market. The Stochastic Oscillators are consolidating around range 20.

Reading through the trading indicators, it’s now apparent that the bears are fading off gradually from the market forces of this crypto-trade. Base on that assumption, the bulls may soon potentially have a decent long set-up for their entries. However, there’s still a need to exercise a degree of caution while placing an order in the market.

Author: Azeez M

NEO Long-term Price Analysis: April 14, 2019

• NEO/USD trade has been falling in sequential order since April 6 after obtaining a high mark at $14. • While the NEO/USD market couldn't break past either of its two SMA indicators northwards or southwards, there would room for range price movements. NEO/USD Long-term Trend – Bearish • Distribution territories:$16, $18,$20
• Accumulation territories: $8,$6, $4 The market valuation of NEO/USD has been notably falling in sequential order since April 6 while a high mark was touched at$14. The cryptocurrency was formerly seen rising over its 14-day SMA indicator to finally arrived at the aforementioned on April 5.

On April 11, the pair saw a notable bearish candlestick formed underneath the trend-line of its 14-day SMA that confirmed the possibility of having more downs at that trading arena in the market. The 50-day SMA is now located at $10 point underneath the 14-day SMA which is a bit bent southwards at the top. The stochastic Oscillators have kept a slanting posture as they have headed downward to touch range 40. The bears are seemingly still in control of this crypto-market to some extent, but having closely approached the 50-day SMA indicator at$10 mark may get weak for a while. Therefore, there could soon be a session to see a line of range price movements in a near time while either of the two SMA indicators isn’t broken upward or downward.

Author: Azeez M

NEO Long-term Price Analysis: April 7, 2019

• NEO/USD is currently in a bullish trend outlook.
• The crypto needs to push past the price territories between $14 and$18, and sustain its stance for a while above those trading areas to affirm its bullish trend continuation.

NEO/USD Long-term Trend – Bullish

• Distribution territories: $18,$20, $22 • Accumulation territories:$8, $6,$4

NEO trade worth has been having it smoother against the US dollar price stance in the market over a couple of days now. The crypto was formerly seen in a range moving manner a bit above its 14-day SMA indicator.

On April 2, the pair moved slightly downwards to test its 50-day SMA prior taking to escalate from that point to achieve a high price point at around $14. The 14-day SMA has been located at$12 mark over the 50-day SMA. In the meantime, the crypto-trade has continued to trade around the high market value until present. The Stochastic Oscillators are seemingly swinging around range 80 near the overbought zone.

The bulls in the NEO/USD market needs to find their foundation around the 14-day SMA to surge more in the north direction during a more active trading session. However, a strong reversal resulted from an uptrend between $18 and$14 marks could allow the bears to gain the crypto-trade driving force.

Author: Azeez M

NEO Long-term Price Analysis: April 6, 2019

Latest NEO News

NEO project was designed to build a scalable dApps and right at the beginning, there was much hype around the project, but, in recent years the project has been silent. However, although there has been little to talk about in partnerships and developments, the project is still promising showing potential of becoming an industry leader.

• Accumulation territories: $7,$5, $3 NEO/USD market has continued to trade around its last range zones as it has been witnessed quite over a specific trading time. As at now, the crypto-market has been tightly ranging around its long-featuring upper range mark. The two SMA indicators are located within$10 and $8 range zones. The 14-day SMA is a bit located over the 50-day SMA. The Stochastic Oscillators are attempting to close hairs in the overbought zone to probably suggest a consolidation movement. The crypto’s upward price movement in the market now seems to get weaker, and that could as well cause a continuation of choppy price movement in the long-term trade running. Meanwhile, market indecision sentiment should be exercised until a tangible price action occurs in the market to reshape its definite direction afterward. A strong breaking downward of its two SMA indicators at once could apparently signify the bears coming strongly again in the market. Author: Azeez M NEO Long-term Price Analysis: March 24, 2019 • NEO/USD market tested a mark at$10 on March 16, and since then, the pair has been hovering closely below it.
• The NEO/USD trading indicators still count upon seeing more choppy price movements in the next trading sessions.

NEO/USD Long-term Trend – Ranging

• Distribution territories: $12,$14, $16 • Accumulation territories:$7, $5,$3

There have been a series of choppy price movements in the NEO/USD market valuation under a horizontal trade line at $10 mark. On March 16, the NEO/USD pair briefly sprang northwards to test the$10 trade territory.

The crypto’s price has continued to range along with its 14-day SMA indicator. There’s still a small space between the two indicators as the 50-day SMA is located below the 14-day SMA, and they both almost lie flat within $10 and$8 points. The Stochastic Oscillators are also now bent slantingly across ranges 80 and 60 to point south-east a bit over range 40.

Yet, there are indications that this crypto-trade will still have to undergo another line of choppy price movements in the next trading days or week. As trading activities have been carried out in this type of range format, it’s strictly advised to wait for a strong price action to come up prior executing an entry.

Author: Azeez M

NEO Long-term Price Analysis: March 17, 2019

• NEO/USD market still maintains its choppy market movement around $10 and$8 marks.
• Indicators yet align with the possibility of seeing a number of declines in the valuation of the pair in a near time.

NEO/USD Long-term Trend – Ranging

• Distribution territories: $12,$14, $16 • Accumulation territories:$7, $5,$3

During the long trading days back, NEO/USD trade has only slightly stridden northwards to touch the upper range mark. That means the pair still maintains its choppy market movement around $10 and$8 marks.

The 14-day SMA is located above the 50-day SMA within the range zones. In about a few days, the crypto-market has been strongly hovering around its 14-day SMA indicator. The Stochastic Oscillators are located closely around the overbought zone. They have now crossed very slightly at range 80.

At this point in time, the crypto’s movement to the northwards is uncertain as the bulls are yet not been able to break out at the $10 upper range mark. Like wisely, indicators still in line with the possibility of seeing a number of declines in the valuation of the NEO/USD market. Whilst the market dips down against its 50-day SMA indicator, then that could be the bearish signal. Traders should also keep a watch on any likelihood of a quick correction in regards to such price action at that market territory. Author: Azeez M NEO Long-term Price Analysis: March 10, 2019 • The same last week’s range zones are still maintained by NEO/USD trade until now. • The$8 mark has been taken as a critical market point, and its breaking southwards could cause the market a new low point afterwards.

NEO/USD Long-term Trend – Ranging

• Distribution territories: $12,$14, $16 • Accumulation territories:$7, $6,$5

The same last week’s range zones are still maintained by NEO/USD trade since trading sessions commence a couple of days back. On March 4, the crypto-trade approached the lower range spot very close to the south.

On its following day, March 5, the pair slightly strived to move up, and it was still within range spots. Notably, the market has been fluctuating along with the 14-day SMA indicator. The 50-day SMA is located underneath the 14-day SMA, and they are also found in the range. The Stochastic Oscillators are seemingly attempting to cross their hairs within ranges 40 and 20. That suggests the possibility of witnessing more consolidation price movements in this crypto-market.

The lower range mark at $8 is now believed to be the immediate critical market point, and its breaking southwards could cause the market a new low price point between$6 and $4 points. Whilst a reversal at the lower range or a breakout of its upper range could allow the market to find another high mark above$12 horizontal line.

Author: Azeez M

NEO Long-term Price Analysis: March 3, 2019

• NEO/USD market has had a strong point below $12, therefore it needs to rebuild its strength from below once again. • There has only been a range spot in this crypto-market as at present. NEO/USD Long-term Trend – Ranging • Distribution territories:$12, $14,$16
• Accumulation territories: $7,$6, $5 NEO/USD trade also witnessed depreciation in its valuation on February 24 after touching around$11 high mark. Similarly, this crypto-market has commenced range price movements around a lower price spot.

Price has been seen trading at the 14-day SMA location at around $9 mark. The 14-day SMA is situated over the 50-day SMA which is also currently found around$8 point. The stochastic Oscillators have briefly headed south past range 40 to point south-east. That could eventually result in seeing more range movements for a while in the market.

Yet, there have been no distinct price range zones in this crypto-market. The market may soon move downwards towards or around the 50-day SMA to probably set in other consolidation moving mode. A strong reversal around the 50-day SMA could mean a good signal for a long position entry of this crypto-trade. Taking to necessary precautions, traders should exercise a degree of patience and their entries should be backed up with strong price action.

NEO Long-term Price Analysis: February 24, 2019

• There has been a series of relative ups in the NEO/USD market worth.
• A breakdown against $8 mark could signify a serious warning against the current swing uptrend. NEO/USD Long-term Trend – Bullish • Distribution territories:$12, $14,$16
• Accumulation territories: $7,$6, $5 As at the start of trading sessions about a week back, there has been a series of relative ups in the NEO/USD market worth. The crypto-trade has now strived to push past its last January 9 rejection mark at$10.

The 14-day SMA has equally been trending northwards below the current market line. The 50-day SMA is found at $8 price territory underneath the 14-day SMA. The Stochastic Oscillators have dipped into the overbought zone to consolidate within it. They now still seemingly trying to cross their hairs northward within it. That simply indicates the strength of the bulls presently in the market. Presently, the bulls are now prevailing over the bears in the market since yesterday, and the uptrend is expected to be kept on in the long run. The horizontal price line of$8 is the pivotal mark that could signify a serious warning against the current swing uptrend.

NEO Long-term Price Analysis: February 17, 2019

NEO/USD Long-term Trend – Ranging

• Distribution territories: $11,$13, $15 • Accumulation territories:$6, $5,$4

There have been weak higher lows in the NEO/USD market stance since February 10. The US dollar now appears losing weight valuation slightly against the crypto, hence the cause for entering other upper range zones. Currently, the range zones are now found between $9 and$8 price points.

The two SMAs are located below the market range spots but they are closer to its lower mark. The 14-day SMA has touched the 50-day SMA from below. Price now seems to push northwards strong within the range zones. The Stochastic Oscillators have crossed hairs below range 80 to slightly point north.

Indicators have now given it that the bulls have been vigorously striving to stage a convincing come-back into this crypto-trade. The NEOUSD market may be finding breaking out of $10 and$11 horizontal marks northwards difficult as there can be a strong reversion at those points during a volatile price action. Therefore, that could result in bulls getting caged. And, those points could as well be good entries for the bears.

NEO Long-term Price Analysis: February 10, 2019

NEO/USD Long-term Trend – Ranging

• Distribution territories: $11,$14, $17 • Accumulation territories:$5, $4,$3

• Accumulation territories: $5,$4, $3 NEO/USD price trend has remained to range around$8 and $6 market territories over a couple of weeks back. NEO, as it has been trading against the US dollar, now been hovering around the bottoms of last year’s December 28, and January 14 bullish candlesticks. Price has been inactively and tightly trading underneath the two SMA indicators within the range zones. The 50-day SMA is slightly situated over the 14-day SMA with a very tight space between them. The Stochastic Oscillators have crossed to point north at range 20. That could mean that bulls are getting set to resurface in the market. It now appears that the pair is striving to find a strong foundation around the lower range mark, upon which its subsequent swing uptrend may have to build on. Bears may be trapped around$6 and $4 price points as there can be a sudden reversal that may allow a decent buy order within those territories. NEO Long-term Price Analysis: January 27, 2019 NEO/USD Long-term Trend – Ranging • Distribution territories:$11, $14,$17
• Accumulation territories: $5,$4, $3 NEOUSD market line has been significantly ranging around$8 mark over a couple of weeks. Precisely, the crypto-trade started its current range movement on January 11, and $10 and$6 marks could be taken as the well-defined range zones.

Both the SMA economic indicators are keeping very tight contact closely below the current range spot. The 14-day SMA appears attempting to intercept the 50-day SMA from the top. The Stochastic Oscillators have slightly crossed to point south within 40 and 20 ranges. That simply depicts the probability of seeing more downturns to some extent in this crypto-market.

The current market movements of NEO/USD pair are still somewhat bound to possibly retest $6 point or push lightly below it. Whilst that sentiment plays out accordingly, the market may come to experience a pit stop between$6 and $4 price territories, and that could give the bulls a chance of gathering momentum to stage a come-back into this crypto-trade. Traders are enjoined to trade during the emergence of price action. NEO Long-term Price Analysis: January 20, 2019 NEO/USD Long-term Trend – Ranging • Distribution territories:$12, $16,$18
• Accumulation territories: $5,$4, $3 Since January 11, NEO/USD market worth has been closely ranging around$8 price territory until now. About between last year’s December 25 and January 5, the crypto had once been seen ranging along the same current point.

The present range spots have been observed between $10 and$6 marks while $8 mark is their middle. The two SMAs are being separated a tiny space as the 14-day SMA is located above the 50-day SMA. The Stochastic Oscillators have conjoined hairs to consolidate their movement around range 20. That suggests serious patience to await a strong price action to take place in the market. The market of NEO/USD may still need to be pushed briefly southwards to test around December 16 last low market point to be able to muster the needful momentum that could bring back the bulls. Traders may be on the lookout for a decent strong reversal around the lower range point or a breakout of the upper range zone to launch a long trading position of the market. NEO Long-term Price Analysis: January 13, 2019 NEO/USD Long-term Trend – Ranging • Distribution territories:$12, $16,$18
• Accumulation territories: $5,$4, $3 Last week, between January 6 and 9, NEO/USD market valuation sequentially featured lower highs to eventually touch$10 mark. On January 10, the US dollar partially regained the market driving force as the 14-day SMA indicator was breached southwards in the process.

Price has been hovering around $8 market horizontal line within the two SMA indicators. The 14-day SMA is located above the 50-day SMA with a short distance between them. The Stochastic Oscillators have briefly touched into the oversold zone. That could mean bears are gradually getting exhausted in the market. The crypto seems to look for a back-up around its 50-day SMA’s trend-line in line with its$8 current range zone to muster a momentum for its swing uptrend. A strong breakdown of the aforementioned market point may cause the crypto-trade to experience a retest of the previous low price mark of around $6. Traders should be wary of placing further position if the 50-day SMA fails to hold back bears’ pressure in the market. NEO Long-term Price Analysis: January 6, 2019 NEO/USD Long-term Trend – Ranging • Distribution territories:$12, $16,$18
• Accumulation territories: $5,$4, $3 NEO/USD market has been ranked amidst one of the crypto-markets that have been tightly experiencing price range movements along with its 14-day SMA indicator. Initially, the pair was seen been trading within a small space of its SMA indicators between December 18 and 31. Apparently, from January 1 until the present, the market ranging mode got intense as the trading indicators have also maintained a tight close location at around$8 mark. The 14-day SMA seems to have a partial location over the 50-day SMA. The Stochastic Oscillators have slantingly bent southward to close at around range 45.

• Accumulation territories: $5,$4, $3 NEO lost out its momentum to the US dollar while it touched the 50-day SMA’s trend-line from below on December 24. Since then, the crypto has been trading within a small space of the two SMAs’ trend-lines. The crypto now appears striving hard to get past the current market territory to avoid the way it dropped between November 29 and December 2. The 14-day SMA has briefly curved northward underneath the 50-day SMA to indicate an expectation of more ups in the current market trend. The Stochastic Oscillators have slightly crossed to point north. The possibility of bears coming back into this crypto-market may not be quickly ruled out especially while a reversal is made against its 50-day SMA and the$12 immediate distribution territory. A critical price point has been established at around $6 mark, and its further southward breaking could seriously result in bears’ trap. Then, investors may be having it a golden opportunity to buy into the cryptocurrency-trade once again. NEO Long-term Price Analysis: December 23, 2018 NEO/USD Long-term Trend – Bullish • Distribution territories:$12, $32,$52
• Accumulation territories: $5,$4, $3 NEO market price has been somewhat on an appreciation trend against the US dollar trade worth about a few days back. The crypto has continued to exert stronger strength in the market to get push northwards further. Between November 4 and 9, the crypto-market maintained a chain of range movements closely within a short gap that separated the 50-day SMA and the 14-day SMA then. As at that period, the trade value of NEO/USD was around$16 mark before a declination occurred, and that had led towards having a low mark of below $6. Currently, price has been trading around$9 price territory. The 50-day SMA is located over the 14-day SMA. The Stochastic Oscillators have moved north to touch range 80 from below.

Bulls are now expected to build their trading strength around the space within the two SMA trend-lines in the next trading sessions to consolidate their stance in the market. A reversal against the 14-day SMA could suggest that the crypto is trying to rebuild its foundations for better upward strides.

NEO Long-term Price Analysis: December 16, 2018

NEO/USD Long-term Trend – Ranging

Distribution territories: $12,$32, $52 Accumulation territories:$3, $2,$1

Since December 9, the NEO/USD market strived to spike northwards, and it only succeeded at testing around $7 mark underneath the sell signal line of the 14-day SMA. At that point, the crypto has been featuring lower lows than lower highs under the 14-day SMA.$7 and $5 price territories are the present depicted range marks. The 50-day SMA is found above the 14-day SMA. The Stochastic Oscillators have dipped into the oversold zone, they have crossed briefly to point north within it. That could suggest that the bears are relaxing their driving force in the market currently. Under normal circumstance, the current range zones need to be broken northwards or southwards to have a good sentimental direction of the market movers. And, that is achievable by cautiously awaiting a volatile price action that will favor either of the two directions. Meanwhile, as it is, investors may consider right now joining the market. NEO Long-term Price Analysis: December 9, 2018 NEO/USD Long-term Trend – Bearish Distribution territories:$15, $35,$55
Accumulation territories: $3,$2, $1 NEO like many other cryptocurrencies has been serially suffering from the overbearing market worth of the USD in the last couple of several weeks. A drop has been visibly noticed in the NEO/USD valuation on December 3 while the crypto failed to break northwards after a while of being hovered around the 14-day SMA’s location on the chart. Price has been trading around the$6 territory presently. The 50-day SMA is located at around $12 mark over the 14-day SMA that is found at around$7 market territory. The Stochastic Oscillators have headed into the oversold zone, and it appears that they may be consolidating within it soon.

It is now been insinuated that bears’ good set-ups of the current market are the best to watch out for while placing trading positions. However, a correction or a sudden spike could emerge between the market territories of $7 and$3 during a volatile price movement, and it may occur at any point in time.

NEO Long-term Price Analysis: December 2, 2018

NEO/USD Long-term Trend – Ranging

Distribution territories: $15,$35, $55 Accumulation territories:$5, $3,$1

The NEO/USD market valuation was in a bearish format until November 25 while it dropped briefly past $7 mark. There was a short pull-back, and on Nov. 27 the crypto slightly fell to retest the said market mark once again. The present range boundaries could now be found around the$10 and the $7 price territories on the chart. Price line has now touched the 14-day SMA’s trend-line from below. The 50-day SMA is located above the 14-day SMA. The Stochastic Oscillators have slightly headed out of the oversold zone to closely find a location a bit above range 20. That could mean a signal for an upward market swing but it may come in the form of lower highs. Now that the range boundaries have been observed in the current NEO/USD ranging market, it is advisable to wait for a strong price action to take place before exerting a trading position. A reversal against the upper range boundary could result in having bears coming back while a strong correction below the lower range may pave way for bullish trend resurgence in the NEO/USD trade. NEO Long-term Price Analysis: November 25, 2018 NEO/USD Long-term Trend – Bearish Distribution territories:$15, $35,$55
Accumulation territories: $5,$3, $1 NEO has been under an intense selling pressure as it has been traded against the US dollar market valuation in the last weeks until now. Since around late September, while the crypto found it hard to break above the distribution territory of$20, it has been dropping in its market worth.

The market now looks to continue falling in order to probably revisit the previous low point of around $5 mark recorded on November 29 last year, 2017. Currently, the market has been maintaining the$10 and the $8 price territories as its trading zone. The 50-day SMA is located over the 14-day SMA. The Stochastic Oscillators have dipped into the oversold zone to consolidate within it. There now appears that this crypto may soon be experiencing variant lower highs that could as well coupled with an amount of lower highs in the coming trading sessions and that may last for days or weeks. However, a price retracement could occur should the crypto be further pushed southwards towards or into the stated accumulation territories above. NEO Long-term Price Forecast: November 18, 2018 NEO/USD Long-term Trend – Ranging Distribution territories:$20, $40,$60
Accumulation territories: $10,$7, $4 Like many other crypto-markets in the last trading sessions saw a significant drop in their various prices, NEO also dropped in valuation against the US dollar worth. A big bearish Japanese candlestick suddenly occurred on November 14 to breach the last range boundaries southwards. Prior to the breakdown of the range, the crypto had been observed hovering around the two SMAs over a week. The market has dropped briefly past the$13 mark, but it now appears that it’s been trying to muster up a momentum around the recent price low zone. The 50-day SMA is clearly located over the 14-day SMA as they are both above the current market trading point. The Stochastic Oscillators have dipped into the oversold zone and, still, they point south within it.

Accumulation territories: $12,$9, $6. A variant number of price ranging movements has been demonstrated in the NEO/USD market worth a couple of days until now. The ranging movement has been occurring around and within the two SMAs’ trend-lines. By a close observation, the crypto appears being under the 50-day SMA selling signal. The crypto only recorded its last$18 high value on Nov.7 and $13 low value on Oct. 31. The 14-day SMA is underneath the 50-day SMA. The market line has been traded at the 14-day SMA’s trend-line location. The Stochastic Oscillators have crossed at range 80 to pint south a bit above range 50. That suggests a bearish move is much around the corner. In an actual sense, the NEO market worth is still under a selling pressure as much of the bearish movements have been represented by featuring either lower lows or a different length of bearish candlesticks. The market now appears to rejigger its foundation within the$15 and $10 price territories. NEO Long-term Price Forecast: November 4, 2018 NEO/USD Long-term Trend – Ranging Distribution territories:$30, $50,$70.
Accumulation territories: $12.50,$9.50, $6.50. The NEOUSD market trading position still maintains the same moving pattern along the same territory as it did last week until now. It has now been unusual trading experience in the NEO/USD market since it was listed on various online trading platforms. The lowest price is put at around$13 territory and the highest price is still maintained at around $25 a bit above the$20 upper range line. The range boundaries are marked by the $20 and the$10 price territories. The market is currently fluttering along with 14-day SMA’s trend-line. The 50-day SMA is located closely over the 14-day SMA. The Stochastic Oscillators have gone upwards to range 50. They still point north to suggest a probability of an upward price movement of this crypto.

There is still a possibility that this cryptocurrency will experience more downs than ups while it continues its ranging movement style under or around the 50-day SMA’s trend-line. It could be potentially worthy of considering buying into this crypto-market especially when it dips.

NEO Long-term Price Forecast: October 28, 2018

NEO/USD Long-term Trend – Ranging

Distribution territories: $30,$50, $70. Accumulation territories:$12.50, $9.50,$6.50.

NEO/USD market valuation still moves in a ranging manner to affirm that neither bulls nor bears have been able to make a tangible driving impact in the market. The $20 and$15 price territories have been marked as the range within which the market has basically maintained its ranging movements until now.

It now appears that price has been ranging under the surveillance of the 14-day SMA’s trend-line. The 50-day SMA is located over the 14-day SMA with a short space between them. The Stochastic Oscillators have crossed southward a bit beyond range 20 into the overbought zone. That denotes that bears are still in the control of the market to an extent.
Indication in regards to this crypto-market still has it that it could be pushed southwards further to revisit the low value that recorded on August 14 this year. In the light of that assumption, bears could be trapped around or a bit below the said market point.

NEO Long-term Price Forecast: October 21, 2018

NEO/USD Long-term Trend – Ranging

Distribution territories: $30,$50, $70. Accumulation territories:$12.50, $9.50,$6.50.

Over a couple of days, NEO/USD has majorly continued to witness its market valuation been moving in a definite range. Almost like it occurred in most of the crypto-markets; a significant drop-value on October 11, this crypto has also been unable to get pushed southwards further past the last low price point obtained in the market on that day or thereabouts.

Accumulation territories: $12.50,$9.50, $6.50. There has not been much difference in the NEO/USD market valuation as the pair still continues its price movements until now in the same range territories in which it is being confined in the past. Almost generally, the October 11 price declination in the crypto-markets also inflicted a negative impact on the NEO market value. The crypto’s price line has since the succeeding trading days been traded around the same low price points that featured on Aug. 22 and Sept. 17 but, the lowest recently so far has been the one recorded on August 14. The 14-day SMA has briefly point south below the 50-day SMA to now have a tight space between. The Stochastic Oscillators have crossed to point north below range 20 in the oversold region. This implies that up-rise movements could soon be experienced in this market. Going by every indication as regards to this crypto market, there is no substantive impression that it will soon end its featuring of lower lows and lower highs in its price movement. However, an up-rise is expected to have a stronger advantage over a downward as investors may consider joining the market while it dips a bit below the current price point. NEO Long-term Price Forecast: October 7, 2018 NEO/USD Long-term Trend – Ranging Distribution territories:$30, $50,$70.
Accumulation territories: $12.50,$9.50, $6.50. There have been deeply intense ranging price movements in the NEO/USD market valuation barely over two weeks. The crypto witnessed its last major low price on September 17 closely below the 14-day SMA’s trend-line. The NEO/USD market price line has been keenly observed to have been ranging between$25 and $15 price territories or thereabouts. The market value point has been choppily hovering along with the two SMAs very closely over a week. The Stochastic Oscillators have moved very closely towards range 20. That form of movement could lead to consolidation around the range region. This as well signifies that further placing of trades may be discontinued for the time being. As there has not been a significant price movement in the NEO/USD market trading stance, it may take a while to eventually get a definite directional move of this crypto. In contrary, a bearish reversal could emerge while the market price line is pushed southwards around the$15 price territory.

NEO Long-term Price Forecast: September 30, 2018

NEO/USD Long-term Trend – Ranging

Distribution territories: $30,$50, $70. Accumulation territories:$12.50, $9.50,$6.50.

NEO/USD had concurrently witnessed another set of market price ranging mode throughput last week. It has been over a few weeks that this crypto has been experiencing a different degree of lower highs and lower lows in the market.

The crypto has equally not been making a significant upward price movement in its previous moves as they have been mostly countering by the U.S. dollar market worth. Over the week, price has been tightly ranging along the 50-day SMA around $20 and$16 territories. The 50-day SMA is located very closely above the 14-day SMA. The Stochastic Oscillators is a bit far below range 80 as they have appeared to point east-south. This may eventually bring about indicating a bearish market condition.

In the next few trading days or weeks, this crypto may still continue to experience price ranging move within $25 and$15 territories. A presumed strong bearish reversal around $17 and$18 market price territories could support the NEO/USD market price to get pushed northward above the territory of $25, but it may not breach past the distribution territory of$30 easily.

NEO Long-term Price Forecast: September 23, 2018

NEO/USD Long-term Trend – Ranging

Distribution territories: $30,$50, $70. Accumulation territories:$12.00, $9.00,$6.00.

NEO/USD continued its ranging movement throughout the trading sessions last week as there were basically lower highs below and around the 50-day SMA’s trend-line. The price territories of $20 and$15 have clearly marked out the range-bound region of this crypto.

The crypto market price has now been hovering between the two SMAs’ trend-lines, and around the upper range-bound territory of $20. The 50-day SMA is still a bit located over the 14-day SMA. The Stochastic Oscillators are pointing north below range 80. This indicates as well that upward price movements are probably still in action in the market. As at this point in time, it is difficult to nurture a bullish bias in the trading stance of this crypto rather than that it will still probably witness more ranging movements in the next trading days. Envisaging of a bearish market as well as at this point may lead to bears trap in the market. In that order, traders and investors are advised to watch out for strong price action in favor of a bullish trend to join the market. NEO Long-term Price Forecast: September 16, 2018 NEO/USD Long-term Trend – Ranging Distribution territories:$30, $50,$70.
Accumulation territories: $12.00,$9.00, $6.00. Price ranging movements were basically experienced throughout the trading days of the NEO/USD market last week. The ranging movements featured below the 14-day SMA’s trend-line and the territory of$16. The bearish candlestick that emerged in the market on Sept. 5 seems still the force behind the current lower lows being formed underneath the 14-day SMA’s trend-line.

Today, Sept. 16, the crypto has not possessed any significant signal of favorably pushing the market in either of the two-way directions as the price action has continued to range below the 14-day SMA. The two SMAs are located closely to each other, but the 50-day SMA still maintains the upper location over the 14-day SMA. The stochastic Oscillators had dipped into the overbought region. They have now crossed below range 20 to seemingly begin to consolidate around it. Exercising of caution needs to be practiced now in taking any further trading positions.

As at this point in time, any further bearish movement towards the $13.50 could lead to bears trap in the next few days to come. A bullish market trend could find its foundational territories around the immediate accumulation territory of$12 for a decent entry.

NEO Long-term Price Forecast: September 9, 2018

NEO/USD Long-term Trend – Bearish

Distribution territories: $40,$70, $100. Accumulation territories:$12.00, $9.00,$6.00.

NEO was one of the cryptos formerly moving in a range-bound manner last week. The crypto on the long run managed to push hard upwards to touch the 50-day SMA’s trend-line from below on September 4. On September 5, the crypto, around the same territory that it touched on Sept. 4, began to fall southbound.

It is equally been noted that as at now, the price action is not been that intense in the current downward movements in the NEO/USD market. Price has been traded below the 14-day SMA’s trend-line. The 50-day SMA is still over the 14-day SMA. The stochastic Oscillators have just newly penetrated into the oversold region. This indicates that there may still be more downward movements in the price of this cryptocurrency.

A break-down below the accumulation territory of $12 could be extended further to next accumulation territory of$9. In that case, a bullish market may be expected to resurface in the market within those trading territories especially while the trading indicators of the Stochastic Oscillators are not consolidating within and around the oversold region for a long period. Therefore, investor like a trader in the same approach may both consider joining the market while that assumption plays out.

NEO Long-term Price Forecast: September 2, 2018

NEO/USD Long-term Trend – Ranging

Distribution territories: $40,$70, $100. Accumulation territories:$12.00, $9.00,$6.00.

About a couple of days, precisely, between Aug. 26 and 31, last week, NEOUSD was experiencing a range-bound movement in its price line. Since around July 26, most of the price movements of NEO against the U.S. dollar have been under the sell signal of the 14-day SMA. While on Aug. 27, the crypto strived hard to push stylishly above the 14-day SMA’s sell trend-line.

Between Aug. 29 and 31, price hovered visibly a bit above the 14-day SMA’s trend-line. As at now, price has been strongly averaging towards the territory of $25 where the 50-day SMA is as well seemingly located. The 50-day is situated above the 14-day SMA. The Stochastic Oscillators had once crossed to point south while it briefly touched range 80 from below. But now, they have crossed to point north a bit above range 80 as well. This suggests that bulls are around the corner. The price distribution territory of$25 now seems to be a strong price point that the cryptocurrency will have to break out to validate the possibility of the current bullish move in the market. The accumulation territory of $12 now strongly stands out as a baseline that bears may find difficult to break down past. Therefore, investors are advised to watch out for a small dip in the market of this crypto to buy into. NEO Long-term Price Forecast: August 26, 2018 NEO/USD Long-term Trend – Ranging Distribution territories:$40, $70,$100.
Accumulation territories: $11,$8, $5. NEO/USD showcased series of lower highs and lower lows throughout its price movements last week. The crypto had initially started the week on the account of feebly featuring a very short Japanese bullish candlestick but lack the driving force of getting past the 14-day SMA northwards. Price action has only been tightly traded in a ranging format along with the trend-line of the 14-day SMA. The 50-day SMA is situated above the 14-day SMA with a considerable gap between them. The Stochastic Oscillators have moved well above range 20. But, they are now seemingly pointing south to suggest that bearish market is probably going to take over the market. This crypto market value still has a strong potency of being pushed further down towards the accumulation territory of$11. A breakout of the distribution territory of $20.50 may give way to price to rise to$25 or a bit above it. Traders are advised to watch out for strong breakout price action in favor of an upward movement to join the direction with decent financial guides.

NEO Long-term Price Forecast: August 19, 2018

NEO/USD Long-term Trend – Bullish

Distribution territories: $40,$70, $100. Accumulation territories:$12.50, $10,$7.50.

Similarly, like many other crypto markets experienced a considerable amount of loss in their first trading course last week, so also NEO/USD did. On Aug. 12, 13 and 14, it saw a serial decline in the price points of the cryptocurrency. But, On Aug. 15, it began a northward retracement up to the point of touching the trend-line of the 14-day SMA from below.

As at now, price is pushing northwards against the trend-line of the 14-day SMA, but not been convincingly succeeded at it. There is a notable gap between the two SMAs as the 50-day SMA is located above the 14-day SMA. Stochastic Oscillators have gone up past range 20, and they still point north to remain briefly in an upward direction.

Presently, the bullish market of this crypto may have to continue in the light of not allowing the lower bottom price line at $12 that occurred on Aug. 14, to be breached southwards. In another way round, bulls may continue slowly pushing past the trend-line of the 14-day SMA northwards in the next few days. Therefore, traders may consider joining the market on a strong rise note with decent entry. NEO Long-term Price Forecast: August 12, 2018 NEO/USD Long-term Trend – Bearish Distribution territories:$50, $75,$100.
Accumulation territories: $12.50,$10, $7.50. The serial bearish movements were not over as NEO/USD witnessed another severe depression in its market price worth last week. The accumulation territory of$26 or thereabouts had been the strong price point that the cryptocurrency found hard to break past southwards. Like many other cryptocurrencies, bears were able to push the market price line convincingly past the strong point on August 8. Bulls have not been making any notable re-featuring effort in the market over a couple of weeks.

The market long-term trend has been continually favoring bears more so even in a ranging outlook. Price action has been separately far traded below the trend-line of the 14-day SMA. The 50-day SMA is located above the 14-day SMA. Stochastic Oscillators are still found consolidating their stand within the oversold zone. This still suggests that placing market orders may be suspended for a while.

The current Stochastic Oscillators’ consolidation in the market may still continue in the next few days. On the contrary, the Stochastic Oscillators may soon afterward open up to point north. Whilst that possibly come to play, investors and traders may brace up to launch their trading entries as instructively been guided by the rules of financial management.

NEO Long-term Price Forecast: August 5, 2018

NEO/USD Long-term Trend – Bearish

Distribution territories: $50,$75, $100. Accumulation territories:$20, $15,$10.

NEO had witnessed more of its market movements serially southbound throughout the last week. It was as well observed that the bearish movements were not intensely featuring during the trading periods. Bears were able to push the market trading positions from around $35 down closer towards the last immediate accumulation territory of$25. And, that pushing has made the crypto to witness another lower low as against the last one that occurred on June 29.

This week as at now, the cryptocurrency has shown a feeble upward signal as the price action is still been seen below the two SMAs. Initially, the two SMAs were moving very closely along almost the same trading price line, but now they are having a visible small gap between them. The 50-day SMA is still located above the 14-day SMA. The Stochastic Oscillators have strongly dipped into the oversold zone, and they are now consolidating within it. This suggests that initiating further trading positions may be suspended for a while.

This cryptocurrency may still need to be driven a bit further southbound with lower lows than lower highs, but may not be on a long note. Bulls are expected to stay close while presumably, a decent sudden spike may afterward occur. Investors may as well considering buying into this cryptocurrency presently while traders wait for strong price action to enter a long entry with the guiding fund management rules.

NEO Long-term Price Forecast: July 29, 2018

NEO/USD Long-term Trend – Ranging

Distribution territories: $80.00,$90.00, $100.00. Accumulation territories:$25.00, $20.00,$15.00.

There has not been a well notable price movement in the market trading status of NEO/USD. Since the beginning of last week, July 22, this cryptocurrency had been experiencing choppy price movements throughout the week. Neither the bears nor the bulls have been able to push the market price movements into a well-defined direction as at now.

The price action has been very deficiently traded closely below and along the 14-day SMA trend-line. The 50-day SMA trend-line is still located above the 14-day SMA with a tiny space between them. The Stochastic Oscillators now appear to be consolidating their stance a bit above range 20. This signifies that exercising of patience needs to adhere for a while.

The general overall bias outlook of this crypto so far is that it has been succumbing to the selling pressure of the U.S. dollar. And, it may not be necessarily ideal for this crypto to be driven more southwards so as to pave way for presumably decent bullish emergence in the market. Traders and investors may potentially make decent profits while an upward breakout eventually occurs. Traders should always take to the trading guiding principles.

NEO Long-term Price Forecast: July 22, 2018

NEO/USD Long-term Trend – Bearish

Distribution territories: $80.00,$90.00, $100.00. Accumulation territories:$25.00, $20.00,$15.00.

NEO/USD was one of the digital currencies that made an increase in its market value on a light note. The cryptocurrency was initially ranging between July 13 and 15, but it rose averagely northward between July 16 and 17. Immediately the pair strived to touch the 50-day SMA from below for the first time on July 18, it resumed retracing southward slowly and steadily. The bulls again appear as been gradually overwhelmed by the bears’ market weight.

The only fact is that the bears’ action has not been able to drive the market price line past the last lower low that was experienced on July 12. Currently, the 14-day SMA is slightly bent south below the 50-day SMA with a little space between. The Stochastic Oscillators have crossed a bit far below range 80 to point south. This implies that the bearish market is not yet over.

Nevertheless, following or taking short entries can be endearing but can sooner than later lead to bears’ trap. The current market price line may still need to be driven downwards a bit to create better foundations for the bulls to play back into the market. Therefore, Traders can be on the lookout for opening long entries with considerable financial management guides.

NEO Long-term Price Forecast: July 15, 2018

NEO/USD Long-term Trend – Bearish

Distribution territories: $80.00,$90.00, $100.00. Accumulation territories:$25.00, $20.00,$15.00.

The US dollar made a considerable appreciation against the NEO’s market price valuation, last week. In the previous week, the cryptocurrency increased in value to a larger extent that the price line pushed past the 50-day SMA trend-line before the occurrence of a reversal shortly. This shows that the bears’ market driving force is still strongly making a bigger impact in the market than the bulls’ presence. The bulls have been making failing attempts as another short bullish Japanese candlestick that emerged in the market on July 8 was eventually prevailed upon by the bears’ sudden appearance.

Basically, on July 9, the value of NEO/USD began declining consecutively till July 12. The price action now moves in range outlook from July 13 till now. The 14-day SMA is a bit bent northbound below the 50-day SMA. The Stochastic Oscillators have penetrated into the oversold zone but now seems to point northward slightly below range 20. This suggests that bulls to come to play soon.

This cryptocurrency may continue to witness more selling pressures as long as the 50-day SMA has not been intersected by the 14-day SMA from below. The bulls will have to compose their stance in the market by coming up with a strong bullish engulfing Japanese candlestick. Traders may probably wait a little for decent long entry trading positions of this cryptocurrency. Always exercise proper financial management guides.

NEO Long-term Price Forecast: July 8, 2018

NEO/USD Long-term Trend – Ranging

Distribution territories: $100.00,$110.00, $120.00. Accumulation territories:$25.00, $20.00,$15.00.

NEO strived to appreciate significantly in its market price valuation against the US dollar, last week. Unlike the preceding weeks, NEO, suffered a decline slowly and steadily in a range format. The crypto asset started its upward movement stance on June 30, last month. Since then, there has been a notable increase in the value of NEO/USD. Other strong spikes featured on July 2, and 5. But the one on July 5, reversed southward before the market closed for the day and that led to small shorting of the pair till July 7.

Today, the market has taken up by the bulls’ presence as the price action is averaging northward towards the 50-day SMA trend-line from below. The 14-day SMA is located below the 50-day SMA but they are seemingly bent northward. That suggests that buying entries have to be given strong consideration. The Stochastic Oscillators had initially moved up to touch range 80 somewhat but now point northward a bit below it. This also suggests a strong indication of buying entries.

At this point in time, this cryptocurrency seems to have established a strong foundation for taking to long entry signals. Although, little shorting positions will definitely occur also in the process. In the light of those assertions, the investors and the traders are expected to brace up for taking long-positions of this cryptocurrency.

NEO Long-term Price Forecast: July 1, 2018

NEO/USD Long-term Trend – Ranging

Distribution territories: $100.00,$110.00, $120.00. Accumulation territories:$25.00, $20.00,$15.00.

It was acknowledged that this digital asset had being slowly and steadily suffered a significant decline as paired with the US dollar throughout last week. But, on Saturday, the last day of the month of June, the crypto asset strived to move a bit inactively upward. The bears appear to be taking a leading force impact invariably while a price action tends to happen in the digital market.

The 14-day SMA trend-line has been pressing against the NEO/USD market valuation over a few weeks back. The 50-day SMA has since been located above the 14-day SMA dated back to around June 22 or thereabouts. The Stochastic Oscillators have penetrated into the oversold zone but looks consolidating within it. That signifies that the southward slow-moving price action is getting relaxed.

The bears’ slow-moving price action may still be prolonged within the next several days or weeks has been mostly to the advantage of short entries of the market. The bulls will have to muster a strong catalyst in order to be able to push the price upward past most of lower highs being experienced in the market. The assertion is that an interest should be developed in favor of looking and getting decent long entries with a financial cautious guide.

NEO Long-term Price Forecast: June 24, 2018

NEO/USD Long-term Trend – Ranging

Distribution territories: $100.00,$110.00, $120.00. Accumulation territories:$30.00, $20.00,$10.00.

In spite of having breached the last accumulation territory of $50.00, NEO/USD long-term trend seems to enter into another range-bound. Since around May 20, that the bears’ action had made the 14-day SMA intersected the 50-day SMA from the top, the price value of this crypto asset has been responding positively to short bearish moves along the 14-day SMA trend-line. The crypto asset’s value has now been traded below the horizontal lined at$50.00. The 14-day SMA is above the price action but it is below the 50-day SMA. The Stochastic Oscillators have moved into the oversold zone and currently consolidating within it. This indicates that the bearish movement is gradually been relaxing.

As the bears have already forced down the price value of NEO briefly beyond the former lowest price point, some lower lows are expected to come into play soon. Whilst that assumption comes into existence, the bulls are expected of getting set to grab the situation to build up a strong momentum. Traders are expected to look out for a strong bullish Japanese candle that can engulf some of the lower highs to launch long entries. Traders should be mindful of exercising good financial management at all time.

NEO Long-term Price Forecast: June 17, 2018

NEO/USD Long-term Trend – Ranging

Distribution territories: $100.00,$110.00, $120.00. Accumulation territories:$30.00, $20.00,$10.00.

NEO suffered a significant decline in value last week. Between March 30 and April 08, the asset worth was pushed and hovered around the strong accumulation territory of $50.00. It started going up in value slightly on April 11 but on April 30, a short top shadow bearish Japanese candlestick occurred. Since then, the value of NEO/USD has been slowly driving downward in a range-bound of the distribution territory of$100.00 and accumulation territory of $50.00 till June 9. On June 10, like many other crypto assets did lose value so also NEO, and that has eventually led to the breaching of the prior strong accumulation territory of$50.00. The 14-day SMA is currently below the 50-day SMA. The market price action has been fluctuating below both the trend-line of the 14-day SMA and the horizontal lined at $50.00. The Stochastic Oscillators have moved into the oversold zone but now trying to determine next direction. The breaching of the accumulation territory of$50.00 may not be allowed to stay long before moving back into the range bound. Taking a bearish bias as the current market declined value attracts a precautionary act. An investor can either look out for taking a long entry while the price action is driven towards the next accumulation territory of $30.00. NEO Long-term Price Forecast: June 10, 2018 NEO/USD Long-term Trend – Ranging Distribution territories:$100.00, $110.00,$120.00.
Accumulation territories: $40.00,$30.00, $20.00. NEO continued to experience its movement directions in the range-bound of between the distribution territory of$100.00 and the accumulation territory of $50.00. The sellers are getting weaker as they have failed to take the market driving force strongly past the accumulation territory of$50.00. On April 22, the 14-day SMA intersected the 50-day SMA from below and this eventually led to a slight rise in the market worth to around $90.00 or thereabouts. Around May 20 or 21, the 14-day SMA intersected the 50-day SMA from the top but currently bent northward above the accumulation territory of$50.00. Price has been very tightly fluctuating along the trend-line of 14-day SMA. The Stochastic Oscillators had recently moved past range of 20 northward but they are now slowly pointing southwards.

This asset may later on slightly experience a sudden decline in the price value but lacks tendency of upholding it for long. Either a sudden upward breakout of the range-bound or a strong reversal is expected to take place with the asset very soon. Investors, like wisely, the traders are expected to watch out for decent long trading positions.

NEO Long-term Price Analysis: June 3, 2018

NEOUSD Long-term Trend – Ranging

Distribution territories: $100.00,$110.00, $120.00. Accumulation territories:$40.00, $30.00,$20.00.

There had been basically selling pressure on the NEOUSD since Jan. 16. The buyers were formerly seen pushing the price value of the asset upward very close to the distribution territory of $200.00. The sellers succeeded at driving the market worth to around the accumulation territory of$65.00 on Feb. 06 and later on the buyers regained the market trend force that pushed the market up again to around the distribution territory of $150.00 till Feb. 27. On Feb. 28, the sellers took up the driving of market value down to the accumulation territory$50.00. Since around April 07 or thereabout, the pair has been ranging between the accumulation territory of $50.00 and distribution territory of$100.00. Price has only been able to slightly breach past the accumulation territory but now reversing northward into the range bound. The 50-day SMA is closely above the 14-day SMA as the price action is now pushing northward against the 14-day SMA trend-line from below. The Stochastic Oscillators are now strongly pointing northwards.

Going by the reading of the indicators, the sellers now tend to lose the market driving force to the buyers. But then, the buyers may possibly use any further decline of the asset to gather momentum. Traders can probably always watch out for the direction of price action to the advantage of the trend by taking to the rules of financial management.

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