NEO price analysis: Some more pain left in this leg
|- Short term still shaky for NEO.
- Medium term too has some more pain left.
NEO bulls, who are lost in the oblivion, have nothing going right for them, just not yet. The charts on the short term as well as medium term, depict that the pain on the downside is not yet over even as many other major cryptos have been bouncing back time and again.
NEO/USD is down more than 1 percent on day at $18.92, tad above the low point of the day. On the 15-minute chart, the crypto has been facing resistance at upper end and has not been able to cross the descending trendline.
While on the 240-minute chart, the support lies somewhere close to $18, about 5 percent more downside from the current levels.
NEO/USD 15-minute chart:
NEO/USD 240-minute chart:
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.