Bullish NEO, ascending price channel broken upwards
NEOUSD has strong fundamentals behind it as a top coin with very good applications and a strong user base.
From December 2018 to May 2019 it moved in an ascending price channel, only briefly surpassed during a BTCUSD pump in the first days of April 2019.
This uptrend finally put the Ichimoku cloud into a bullish position, showing signs that the previous downtrend was finally over, during the first weeks of February 2019.
Now, this price channel has been broken through, and new support will probably form around the previous resistance, as confirmation of this we have a bullish crossover at the MACD and a Bullish MACD in the weekly charts.
Another confirmation is the strength of the bounce at the lead 2 line of the Ichimoku cloud during the first days of June signaling the strength of the uptrend.
While the rest top market cap cryptos have been showing good gains, NEO has lagged behind, but a coming bull run seems to be forming for NEO.
I have already allocated several of my funds into NEO and I'm expecting a price surge that would put neo around $18 to $20 in the coming days.
From December 2018 to May 2019 it moved in an ascending price channel, only briefly surpassed during a BTCUSD pump in the first days of April 2019.
This uptrend finally put the Ichimoku cloud into a bullish position, showing signs that the previous downtrend was finally over, during the first weeks of February 2019.
Now, this price channel has been broken through, and new support will probably form around the previous resistance, as confirmation of this we have a bullish crossover at the MACD and a Bullish MACD in the weekly charts.
Another confirmation is the strength of the bounce at the lead 2 line of the Ichimoku cloud during the first days of June signaling the strength of the uptrend.
While the rest top market cap cryptos have been showing good gains, NEO has lagged behind, but a coming bull run seems to be forming for NEO.
I have already allocated several of my funds into NEO and I'm expecting a price surge that would put neo around $18 to $20 in the coming days.
Comment:
Well seems BTCUSD 's rally did help
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