Hello Crypto Friends! Hopefully you're all feeling better than we did a month ago. There's a lot of crypto meetups/conferences going on this month to keep us on our toes. We're particularly going to be watching Coindesk's 4th annual blockchain technology summit, May 14-16 in New York. Now to the charts.
Walking The Purple Line:
Looks like NEOUSD reached our last target on our four hour charts at $93 (exactly where we called it on our last chart) and it's now taking a breather. We can see on the 4hr chart that NEOUSD price is still above the 50 day moving and the 200 day moving average which is great to see. Our purple trendline also seems to be holding up support very nicely at the moment. We can expect a retest of this line in the near future. RSI is once again dead even at 50 at the moment, waiting to see if the bulls take control and continue to push us back to $90-$93 range or if we test out our 50 day moving average along with the purple trend line.
Hit the Like Button and give us a follow if you liked our analysis.
We are currently long on NEOUSD. More updates to come.
Cheers!
Disclaimer: Our content is intended to be used and must be used for informational purposes only. We are not professionals. It is very important to do your own analysis before making any investment based on your own personal circumstances.
Walking The Purple Line:
Looks like NEOUSD reached our last target on our four hour charts at $93 (exactly where we called it on our last chart) and it's now taking a breather. We can see on the 4hr chart that NEOUSD price is still above the 50 day moving and the 200 day moving average which is great to see. Our purple trendline also seems to be holding up support very nicely at the moment. We can expect a retest of this line in the near future. RSI is once again dead even at 50 at the moment, waiting to see if the bulls take control and continue to push us back to $90-$93 range or if we test out our 50 day moving average along with the purple trend line.
Hit the Like Button and give us a follow if you liked our analysis.
We are currently long on NEOUSD. More updates to come.
Cheers!
Disclaimer: Our content is intended to be used and must be used for informational purposes only. We are not professionals. It is very important to do your own analysis before making any investment based on your own personal circumstances.