saintbitcoin

NEO vs BTC the volatility got some agility!

BINANCE:NEOBTC   NEO / Bitcoin
The NEO market has been nice and volatile against Bitcoin recently providing excellent trading opportunities for the shorter term traders. Lets take a look at the chart.

The 1day candles give us a clear view of the recent carnage and a good idea of the immediate support levels.

The experienced trader will notice the massive cup and handle is busy forming.

I am looking towards 0.01 btc as critical near term support and consolidation above this level will keep me bullish on Neo.

Should support fail at 0.01 there will be a new floor set.

Resistance is pretty solid around 0.014 – 0.015 and we will most likely see a battle between the bulls and bears this coming week.

Look for the moon above 0.015, safe trades.

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