NEO is my number one investment. I joined the party before the ANTSHARES rebranding, that was a defining moment in NEO history.
to me NEO was and still remains the ETHEREUM of CHINA.
NEO started already to follow the path of Ethereum, even if it suffered a significant setback when China announced to ban ICOs.
However ICOs still happened on the NEO platform. Since last week we have exciting news coming from the NEO team, especially the new upcoming ICOs (THEKEY) and the decentralized NEO exchange NEX (similar to ETH Etherdelta), as well as starting to have NEO pairs on current exchanges, along with BTC and ETH pairs.
All these developments are very important and I believe long term NEO can become the third cryptocurrency after BTC and ETH.
the current situation looks quite positive on the day chart, we broke out of the bottoming pattern and started the uptrend. the news last week created some big swing movements, first because of the good news, but also because of the hype created and high expectations in the market.
On the 4 hour chart we can see some market structure that allows us to set some possible entry points and targets.
Enjoy and of course I'll be happy to hear your thoughts, don't hesitate to comment. Thanks!
to me NEO was and still remains the ETHEREUM of CHINA.
NEO started already to follow the path of Ethereum, even if it suffered a significant setback when China announced to ban ICOs.
However ICOs still happened on the NEO platform. Since last week we have exciting news coming from the NEO team, especially the new upcoming ICOs (THEKEY) and the decentralized NEO exchange NEX (similar to ETH Etherdelta), as well as starting to have NEO pairs on current exchanges, along with BTC and ETH pairs.
All these developments are very important and I believe long term NEO can become the third cryptocurrency after BTC and ETH.
the current situation looks quite positive on the day chart, we broke out of the bottoming pattern and started the uptrend. the news last week created some big swing movements, first because of the good news, but also because of the hype created and high expectations in the market.
On the 4 hour chart we can see some market structure that allows us to set some possible entry points and targets.
Enjoy and of course I'll be happy to hear your thoughts, don't hesitate to comment. Thanks!