NEO/BTC is currently on a downtrend as most altcoins and it's almost reaching its MA200, where it may find support. Since RSI is oversold and it's showing a bullish divergence, we'll probably see a bounce on MA200. If not, downtrend resumes and next support is at 650k to 680k. If that also fails, next one is at 530k to 560k, which is the strongest of both support zones.
NEO/BTC broke MA200 on the daily chart but it's still respecting the uptrend line. If it breaks that too, it'll fall to support range of 650k to 680k.
NEO/BTC broke MA200 on the daily chart but it's still respecting the uptrend line. If it breaks that too, it'll fall to support range of 650k to 680k.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.