Categories: Technical analysis

NEO Wave Analysis – 29 August 2025

NEO: ⬇️ Sell

– NEO reversed from the resistance zone

– Likely to fall to support level 6.00

NEO cryptocurrency recently reversed from the resistance zone between the round resistance level 8.00 (which has been reversing the price from May) and the upper daily Bollinger Band.

The downward reversal from this resistance zone created the daily candlesticks reversal pattern Bearish Engulfing which stopped the earlier extended wave (2) from April.

Given the clear daily downtrend, NEO cryptocurrency can be expected to fall to the next support level 6.00 (which stopped the previous waves iv and b).

The FxPro Tech Analysis Team

The FxPro technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using the active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

Share
Published by
The FxPro Tech Analysis Team
Tags: NEO

Recent Posts

CADJPY Wave Analysis – 26 December 2025

CADJPY: ⬆️ Buy - CADJPY broke resistance level 114.30 - Likely to rise to resistance…

1 day ago

Toncoin Wave Analysis – 26 December 2025

Toncoin: ⬆️ Buy - Toncoin reversed from support zone - Likely to rise to resistance…

1 day ago

Nvidia Wave Analysis – 26 December 2025

Nvidia: ⬆️ Buy - Nvidia reversed from support zone - Likely to rise to resistance…

1 day ago

Palladium Wave Analysis – 26 December 2025

Palladium: ⬆️ Buy - Palladium reversed from support zone - Likely to rise to resistance…

1 day ago

AUDUSD Wave Analysis – 24 December 2025

AUDUSD: ⬆️ Buy - AUDUSD broke key resistance level 0.6690 - Likely to rise to…

4 days ago

Tron Wave Analysis – 24 December 2025

Tron: ⬇️ Sell - Tron reversed from resistance zone - Likely to fall to support…

4 days ago

This website uses cookies