Take a look at weekly chart. NEO found support at 0.002600 and started rising.
Day chart – pay attention to volume pumping in on green candles. The growth is being actively supported. We are getting closer to descending trendline which comes all the way from 29th of April. Pretty massive trendline so it's breakout should be good as well.
And now let’s return to 4 hour chart. NEO moving in an ascending parallel channel and is very near the exit. I don’t like the volume getting lower on the last green candles considering latest BTC moves (bloody waterfall) it can be explained by overall market freeze.
What we need is volume. In case BTC start rising - I mean really growing good and fast - NEO may lift up from where it is now. But if there will be no support, coin may fall again to 3000 area which hopefully will bounce it up to ~3150 resistance level. Next resistance will be ~3190 at Fibonacci level. Break both = fly to the moon.
The moon is around 3700 area (day chart so consider it may take some several days). There is almost no resistance on the way there so it should be reached pretty fast. Next target 3850. Next? I think that one is already very good. Let’s give it some time and see what will happen =)
Day chart – pay attention to volume pumping in on green candles. The growth is being actively supported. We are getting closer to descending trendline which comes all the way from 29th of April. Pretty massive trendline so it's breakout should be good as well.
And now let’s return to 4 hour chart. NEO moving in an ascending parallel channel and is very near the exit. I don’t like the volume getting lower on the last green candles considering latest BTC moves (bloody waterfall) it can be explained by overall market freeze.
What we need is volume. In case BTC start rising - I mean really growing good and fast - NEO may lift up from where it is now. But if there will be no support, coin may fall again to 3000 area which hopefully will bounce it up to ~3150 resistance level. Next resistance will be ~3190 at Fibonacci level. Break both = fly to the moon.
The moon is around 3700 area (day chart so consider it may take some several days). There is almost no resistance on the way there so it should be reached pretty fast. Next target 3850. Next? I think that one is already very good. Let’s give it some time and see what will happen =)
Trade closed: stop reached
Comment:
Probably today is the day NEO wakes up. On 10th of November there will be hard fork with new token SUPER NEO given to all NEO holders. That might pump the price.
Comment:
I'm sorry to inform you but news about NEO were fake.
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