sumeet007
Short

Technical Analysis of NEO (NEOBTC)

BINANCE:NEOBTC   NEO / Bitcoin
Short NEO as it broke the short term downtrend line shown in purple, signaling more bearish sentiment.

1)The immediate support range will be 78.6% Fib. Retracement level and the 0.004496 BTC level. These will act as major support.

2)Neo is in a major downtrend since February as shown by the downtrend channel in sky blue.

3)Major resistance range will be 0.006655 BTC level and the 61.8% Fib. Retracement level.
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