Is NEO Bullish or Bearish? A Deeper Look

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In Brief
  • NEO/BTC is possibly trading inside a long-term symmetrical triangle.

  • The price has broken out from a short-term resistance line.

  • NEO/USD is trading inside a short-term descending channel.

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Both the NEO/BTC and NEO/USD pairs have been declining since they reached their respective long-term descending resistance lines at the beginning of June. The short-term chart looks slightly more bullish for NEO/BTC than it does for NEO/USD. NEO/Bitcoin The NEO price has been following a descending resistance line since September 2018. The price has been declining since it last touched

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Valdrin is a cryptocurrency enthusiast and financial trader. After obtaining a masters degree in Financial Markets at the Barcelona Graduate School of Economics he began working at the Ministry of Economic Development in his native country of Kosovo. In 2019, he decided to focus full-time on cryptocurrencies and trading.

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