Is Neo heading back to the low $30 mark? (My prediction/opinion)
hello all! as always i hope you're well!
I have been asked by a few people now to do a chart on Neo, some people wanted it done against the $ and other's wanted it done against BTC, so i decided to do it against both (well i tried my best (top candles are the $ and bottom candles are BTC) ahah).
I have been a long term holder of Neo (Back in the Antshares days haha), so i am happy to do a chart on it and to give my personal opinion on Neo also.
I have been working on the chart for two days,
it would have been finished yesterday but something came up so i apologies for the delay.
Now i believe we will see Neo back in the low $30 range (target is $32 to be exact), I'm expecting it be be back in the $30's around about the 20th (This month), I am also expecting it to use the $31 mark as support.
As for the BTC ration I'm expecting it to break out of its current pattern and start to use the previous support level's at 0.00470, now I'm hoping it will hold this previous support level and continue on up to around the 0.00510, it may then ping pong between these two level's for a while before continuing on higher (or lower, i shall reevaluate nearer the time).
Now if you don't know what NEO is or if you have heard of it but not actually looked much into it then i suggest you do so, this is one of the few coins/projects about in the crypto space that actually has solid long term potential in my opinion, now i won't go into too much detail about NEO as i rather people do their own due diligence and come to their own conclusion, there is plenty of information about regarding NEO,
but here are a few pointers
1. They have great backing
2. Good token metrics (100million total supply)
3. From a developers point of view it's easier to use due to multi languages
4. Also it pay's to hold NEO (Not on the exchanges, on their wallets), you get given GAS which is a transaction token (tradable so you can sell it)
5. I believe as a project they're still in the early growing stage (in the grand scheme of things) so there is plenty of room for growth
6. Good team behind them They seem very dedicated to the project, They seem to be continuously trying to improve which is good see from an investors point of view, this way they won't fall behind as tech moves very fast so there isn't much time to stop!
Okay, ok i shall stop there as I'm getting carries away with myself ahah and i don't want to come across as pushing it, as you can probably tell i really Believe in this Project but thats not to say it will be succeed long term, its like any project it can still fail no matter how good it looks/is, the success relies on a few things.
Anyhow thats my opinion/prediction on the matter, as always please do your own due diligence and come to your own conclusion as its your hard earned cash on the line, I am more than welcome to answer any question's or just have a general chat about a project so feel free to message me anytime.
Please do not make any financial decisions on the information/opinion i have given as no-one is right all the time, this is just my personal thoughts on what i think will happen this doesn't mean it will happen.
Peace out, i hope you found my view interesting if so please leave feedback it is much appreciated (good or bad feedback)
I have been asked by a few people now to do a chart on Neo, some people wanted it done against the $ and other's wanted it done against BTC, so i decided to do it against both (well i tried my best (top candles are the $ and bottom candles are BTC) ahah).
I have been a long term holder of Neo (Back in the Antshares days haha), so i am happy to do a chart on it and to give my personal opinion on Neo also.
I have been working on the chart for two days,
it would have been finished yesterday but something came up so i apologies for the delay.
Now i believe we will see Neo back in the low $30 range (target is $32 to be exact), I'm expecting it be be back in the $30's around about the 20th (This month), I am also expecting it to use the $31 mark as support.
As for the BTC ration I'm expecting it to break out of its current pattern and start to use the previous support level's at 0.00470, now I'm hoping it will hold this previous support level and continue on up to around the 0.00510, it may then ping pong between these two level's for a while before continuing on higher (or lower, i shall reevaluate nearer the time).
Now if you don't know what NEO is or if you have heard of it but not actually looked much into it then i suggest you do so, this is one of the few coins/projects about in the crypto space that actually has solid long term potential in my opinion, now i won't go into too much detail about NEO as i rather people do their own due diligence and come to their own conclusion, there is plenty of information about regarding NEO,
but here are a few pointers
1. They have great backing
2. Good token metrics (100million total supply)
3. From a developers point of view it's easier to use due to multi languages
4. Also it pay's to hold NEO (Not on the exchanges, on their wallets), you get given GAS which is a transaction token (tradable so you can sell it)
5. I believe as a project they're still in the early growing stage (in the grand scheme of things) so there is plenty of room for growth
6. Good team behind them They seem very dedicated to the project, They seem to be continuously trying to improve which is good see from an investors point of view, this way they won't fall behind as tech moves very fast so there isn't much time to stop!
Okay, ok i shall stop there as I'm getting carries away with myself ahah and i don't want to come across as pushing it, as you can probably tell i really Believe in this Project but thats not to say it will be succeed long term, its like any project it can still fail no matter how good it looks/is, the success relies on a few things.
Anyhow thats my opinion/prediction on the matter, as always please do your own due diligence and come to your own conclusion as its your hard earned cash on the line, I am more than welcome to answer any question's or just have a general chat about a project so feel free to message me anytime.
Please do not make any financial decisions on the information/opinion i have given as no-one is right all the time, this is just my personal thoughts on what i think will happen this doesn't mean it will happen.
Peace out, i hope you found my view interesting if so please leave feedback it is much appreciated (good or bad feedback)