This might be the greatest buy opportunity this year.
The price chart has just touched its massive support which is present since April 2017.
Every time the price touches this level a couple of days later a huge rally starts, multiplying the value of one token by 600 – 700 %.
We know it was in 2017 which is way different than 2018 and 2019.
Well anyway, this is one of the cheapest levels ever.
Looks like a safe and potentially very profitable trade.
Moreover, they are still very active on Github, delivering new features such as improved NEO consensus algorithm dBFT which provides user fast confirmation of the transaction (1 confirmation – 1 block – 15 seconds). This will be enough to have irreversibility and prevention from a double-spending.
They also were very active during 2018 – over 75 days of NEO workshops, meetups, and hackathons.
• Profit/loss ratio – 7200%
• The price has stopped at the long-term support present since April 2017
• Although the latest was high, the price decrease was low - this is very positive.
• Weis Waves – a very strong decrease of the supply
• – positive divergence observed – good.
• - the chart has broken TenkanSen(red line) which has broken KijunSen(blue line). Not far from getting above the cloud.
• Stop-loss at 0.0016
So this looks pretty good.
What do you think traders and hodlers?
Did you notice this opportunity too?
Please write your opinion in the section below.