NEO : Price Analysis, March 12

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NEO/USD

NEO is looking weak as the bulls have not been able to push prices above $93.5 level in the past four days. This shows lack of buying.

NEO/USD

Now, if the NEO/USD pair breaks down of the $80 levels, it will complete the descending triangle pattern.

Though the pattern targets are way lower, we need to take it one step at a time. The immediate support is the February 06 lows of $63.62.

We will attempt a long trade if the cryptocurrency sustains above the $100 levels for a couple of days.

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