Similar to grandpa Bitcoin , NEO is at the key $40 previous support, now . We're clearly above 4H EMAs 12 & 26, which gives room for consolidation. The good news is: exactly like grandpa we're right now upholding both EMAs also in the daily: should it stay this way in the coming days & weeks this could lead to a similar bull run like at the April lows, when we turned both EMAs into support. => I will be talking about this in today's episode of the 'Crypto Chart Analysis', make sure to watch it! ;)
But beware: Bitcoin has run without a Daily Higher Low so far from the bottom -this will be coming for sure, and a pullback at a clear resistance is not a shocker. All in all, NEO more than doubled in the last bull run, so: keep an eye on that! In the direct correlation NEO/ BTC , we can see basically the same scenario, turning EMA's into support after long rejections - which shows clear against Bitcoin .
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About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC .