With BTC falling for the past month and half we've seen alts absolutely slaughtered.
Although it can be risky, I like these times for beginning to build positions in some of the more mature, stable alt-coins that I like. Things I like looking for 1) 50%+ retraces against BTC 2) 80%+ retraces in fiat value 3) TDBuy Signals
NEO is @ the top of such a list and pops for all 3 of the aforementioned Buy signals.
don't want to go into its fundamentals with this post but a huge benefit to owning NEO (particularly during Bear markets) is that you get paid a dividend(GAS) just for keeping it in the correct wallets.
NEO trading near major historical support on both it's USD chart ($32ish) and its BTC chart. It just recently passed 80% retrace of its ATH in USD pricing and 60% + its BTC equivalent. We're trading at levels not seen since before the December 2017 Mania.
Recently completed a Perfected TDBuy SetUp on the daily chart for NEO/BTC and the few days since have failed to make new lows...just shows that NEO (like a handful of other stable alts) are really trying to carve out a bottom here (and should as long as BTC doesn't capitulate).
Key price levels to watch in my head. 32$ Support (now). 38-39.50$ should provide some resistance on bounces now....50$ Will become major resistance on next rally up.
Below 16$ is death (I will be a buyer all the way to this level but I don't expect us to get there unless we see $3,000 Bitcoin). We haven't been below that level since last fall when everyone in crypto thought China would be banishing and abolishing all things crypto (NEO is biggest crypto started in China so far).
Want to know all the Coins trading on T D 9s and 13s? Check us out below:
www.tradethe9s.com
Although it can be risky, I like these times for beginning to build positions in some of the more mature, stable alt-coins that I like. Things I like looking for 1) 50%+ retraces against BTC 2) 80%+ retraces in fiat value 3) TDBuy Signals
NEO is @ the top of such a list and pops for all 3 of the aforementioned Buy signals.
don't want to go into its fundamentals with this post but a huge benefit to owning NEO (particularly during Bear markets) is that you get paid a dividend(GAS) just for keeping it in the correct wallets.
NEO trading near major historical support on both it's USD chart ($32ish) and its BTC chart. It just recently passed 80% retrace of its ATH in USD pricing and 60% + its BTC equivalent. We're trading at levels not seen since before the December 2017 Mania.
Recently completed a Perfected TDBuy SetUp on the daily chart for NEO/BTC and the few days since have failed to make new lows...just shows that NEO (like a handful of other stable alts) are really trying to carve out a bottom here (and should as long as BTC doesn't capitulate).
Key price levels to watch in my head. 32$ Support (now). 38-39.50$ should provide some resistance on bounces now....50$ Will become major resistance on next rally up.
Below 16$ is death (I will be a buyer all the way to this level but I don't expect us to get there unless we see $3,000 Bitcoin). We haven't been below that level since last fall when everyone in crypto thought China would be banishing and abolishing all things crypto (NEO is biggest crypto started in China so far).
Want to know all the Coins trading on T D 9s and 13s? Check us out below:
www.tradethe9s.com