Looking at NEO's chart, it has moved away from the downtrend slope which means the downtrend momentum is gradually subsiding. Look for buyer movements indicated by long green candlesticks with sufficient volume .
On Sept 10, a surge in buying could happen during the upcoming Red Pulse (RPX) ICO which will require NEO as payment. Whales will start hoarding NEO weeks before that date and sell on the ICO launch. So, play along with the whales.
Buy when price is a bit further away from the uptrend line to be sure. Or, you can also buy near the uptrend line but make sure to put a tight stop loss (1%-2% from buying price).
For resistance and supply levels, see the areas in red.
Uptrend line = line sloping upwards to the right
Downtrend line = line sloping downwards to the right
On Sept 10, a surge in buying could happen during the upcoming Red Pulse (RPX) ICO which will require NEO as payment. Whales will start hoarding NEO weeks before that date and sell on the ICO launch. So, play along with the whales.
Buy when price is a bit further away from the uptrend line to be sure. Or, you can also buy near the uptrend line but make sure to put a tight stop loss (1%-2% from buying price).
For resistance and supply levels, see the areas in red.
Uptrend line = line sloping upwards to the right
Downtrend line = line sloping downwards to the right
Comment:
Must maintain the momentum by respecting the uptrend line
Comment:
BTC are positively correlated. If BTC pumps big time right now, NEO could pump too.
Comment:
correction:
BTC and NEO are positively correlated.
BTC and NEO are positively correlated.
