We are carefully monitoring the situation and getting ready to act. Perhaps, we will see an impetus; so, you'd better place your take profit manually changing the stop order when raising over 221. The stop order should be moved from the level of 221 according to the 4-hour chart minimum.
As it appears from the road map, in November 2018, the team is going to conduct a hard fork issuing coins by a ratio of 1 NEO = 2 NEOX. It is also going to launch a web client officially. The fork is to be conducted on November 10th.
The team has recently changed the White paper several times, and it has caused some ambiguous comments within the community. Moreover, there is a lot of mistrust towards the project. For example, the Road Map is too short, it ends in December 2018 on the Lightning Network (the technology name is written with an error on the website).
However, the NEO project itself is very interesting in terms of the smart contracts' structure. The functioning is based on two cryptocurrencies: NEO and GAS. The first one is the main asset, the second one is the fuel. Smart contracts burn GAS in relation to the power consumed by the system. GAS is generated with each new unit and is supplied to all NEO coin holders. The special feature of this system is that it is less profitable to do scam projects on its platform. That is why we'd recommend you to pay special attention to the tokens created on its platform, such as Antology.
Technically, NEO/ETH coin can grow to 0.087 from the current 0.078. The further targets will be 0.096; 0.109. In case of a stronger correction or a market reversal, we can see the level of 0.143.
At the same time, the support levels of the coin are 0.061 and 0.053.
As to the NEO/USD pair, a target level can be 21; 24; 28 from the current level of 16.5. If these values are surpassed, the next target can be 46, 80 and higher.
We are going to update regularly our short-term recommendations on this tool. We are going to inform you of the transaction entry level, the stop order level and the target for taking profit.
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