NEO/BTC TA Update (Resume Uptrend?)NEO/BTC
NEO broke the downward trend-line resistance coming from the swing high at 1530 sats area. If the daily candle can close tomorrow bullish, I would expect more upside action to retest the swing high levels.
NEO bounces off 2 times at 200 Day MA acting as dynamic support during its strong pullback. This signals us a potential resume of an uptrend again.
NEOUSDT
NEO swing long (possible +25-40%)NEO looks very interesting to me. Why?
After that big pump/surge which was caused by the call/news of the Chinese president that China will support Chinese blockchains, NEO with TRX and ONT have followed with a very interesting pump.
Now it is time for re-test these areas and see how bulls are strong (if they are going to add into their basket more NEO for cheaper prices).
You can buy NEO now and target for $11 as a first resistance. If the price will not hold the current level, then I will add or buy again NEO at $7.
This is a clear technical analysis because you do not need it anymore.
NEOUSDT BINANCE 1D BB RSI MACDSignalyze AI Alert
#Binance 2019-11-19 16:36:32
Bollinger Band
#NEO/USDT
Indicator : {'bbp': '0.81', 'mfi': '85.84'}
Chart NEOUSDT BINANCE 1D BB RSI MACD
Prices:
Advised Buy Levels
BUY: 11.437
SL: 10.450
TP: 11.954 12.414
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