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NEO/USD (NEO): Technical Analysis for May 1, 2018


Thing is NEO and NEP-5 tokens are gaining prominence and as it continues to wade off bears keen on pushing its valuation down, buyers should be pouncing at a discount. As I type this, NEO is down two percent and up 12 percent in the past week. Development wise, there is a new update for the NEON wallet from City of Zion.

Regardless of this minor sell pressure at $90, buyers should be looking for entries anywhere between $70 and $75 or whenever a stochastic buy signal prints in line with yesterday’s NEO technical analysis. On the flip side, suppose there is a strong surge of NEO buy volumes, then bulls should enter once prices breach $90.


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