NEO : Price Analysis, April 02

NEO/USD

NEO has broken below the March 18 lows of $49.04, which is a bearish development. The next support on the downside is at $31.15.




NEO/USD




The RSI has again entered the oversold zone, hence, a pullback to the 20-day EMA is possible.

The NEO/USD pair will attract buyers once it sustains above $65 levels. Until then, every recovery will be sold into.

The digital currency needs to show sustained buying before we suggest any trade on it.

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