NEO mostly referred to as the chinese ethereum is a rare gem with a potential 30x-50x at the peak of this current market cycle that is just starting.
In Jan 1 2017, NEO was just $0.14 on coinmarketcap.com, and by Jan 2018, NEO was priced at $157 ATH, that's a whooping 1000x plus return in just 12 months......are the days of 1000x truely over?....... Time will tell.
However, the 10 months downtrend of NEO seems to be ending (if it hasnt already ended) as the coin has been on a sideways move in the last two months after bottoming out 230 sat.
The two months consolidation seems to be getting stronger........,
MACD Squeezing out......
RSI below 45%.......
Price consolidating around the 1.0 fib retracement level
21 day EMA presently acting as resistance.
With little or no volatility in the market presently, the possibility of an uptrend beginning in the nearest term is very high.
However, i do expected a little retracement in price to cool off RSI completely before a move to the upside.
A long term HODL of this coin will be a great idea, especially because NEO has a great team that is very focused and purposeful in their quest to building a smart economy and also has a very active community.
A good entry will be within the box area 0.00248-0.00200 . Long Term targets should be at each fib level upwards
In Jan 1 2017, NEO was just $0.14 on coinmarketcap.com, and by Jan 2018, NEO was priced at $157 ATH, that's a whooping 1000x plus return in just 12 months......are the days of 1000x truely over?....... Time will tell.
However, the 10 months downtrend of NEO seems to be ending (if it hasnt already ended) as the coin has been on a sideways move in the last two months after bottoming out 230 sat.
The two months consolidation seems to be getting stronger........,
MACD Squeezing out......
RSI below 45%.......
Price consolidating around the 1.0 fib retracement level
21 day EMA presently acting as resistance.
With little or no volatility in the market presently, the possibility of an uptrend beginning in the nearest term is very high.
However, i do expected a little retracement in price to cool off RSI completely before a move to the upside.
A long term HODL of this coin will be a great idea, especially because NEO has a great team that is very focused and purposeful in their quest to building a smart economy and also has a very active community.
A good entry will be within the box area 0.00248-0.00200 . Long Term targets should be at each fib level upwards
