Analyzing NEO's 3-hour chart reveals a continuous upward movement post $14.80 resistance breakthrough, with the next resistance identified at $15.18. Traders can consider long positions within the $14.636 - $14.448 support range, setting a stop loss at $13.90, as NEO aims for a $25 target amidst over 5% gains.
LONG TERM NEO ANALYSIS
The 3-day NEO/USDT technical chart displays NEO's rise after crossing $14 towards $18.37. Spot investments targeting $25 were previously suggested for NEO. With a gain of over 5%, NEO is expected to continue its rise as long as it remains above the support zone mentioned.
Traders interested in NEO can aim for $25 with a stop loss below $12.81.
SHORT TERM NEO ANALYSIS
The 3-hour NEO/USDT technical chart indicates NEO's upward movement post $14.80 resistance breakthrough, with the nearest resistance at $15.18. Traders can initiate long positions if NEO drops to the $14.636 - $14.448 support range mentioned.
For traders entering long positions within the support range, setting a stop loss at $13.90 is recommended. The initial target after a reversal from the support zone is $17.52, followed by a target of $25.
Investors targeting $25 with a stop loss at the entry level of $17.25 can aim for profits after entering long positions in NEO.
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