NEO has seen interesting price action since September, showing little correlation towards the rest of the cryptocurrency market, particularly at the end of September. Since the September peak when NEO reached nearly $26 USD, NEO has seen a 30% price decrease.
From the mini-run seen at the start of the year, NEO was unable to break the $17.5USD...
Neo is like the Chinese version of Ethereum. It’s currently plowing ahead with a massive overhaul, called Neo3, which will make Neo faster, more secure, and more efficient.The Neo team also recently launched Flamingo, a full suite of DeFi tools built on the Neo network.
Flamingo is like Yearn.Finance, Compound, Maker, Synthetix, Perpetual trading, Ren, Curve, and...
On D1, the price touched the lower border of the ascending channel on a logarithmic scale. The RSI has almost reached an oversold level near the 50% Fibonacci level.
On H4, the price broke through the border of the descending channel upwards, and divergence was formed between the price and the RSI. Also, the first impulse movement towards the NEO price increase is...
Neo has been one of the favorite cryptocurrrency for crypto-enthusiastic. So, Neo has the distinguished cryptocurrency in the past bull run on 2017 when the maximum that NEO reach up was of $207 USD. So, I believe that this crypto have future in medum to long-term. But, what did this cryptocurrency so different for others cryptos?
But, What is NEO?
1. NEO it's...
NOTE: NOT A FINANCIAL ADVICE TO BUY/LONG or SELL/SHORT
Last October 9, 2020, I make an analysis that Head & Shoulder was not yet completed. I think today, there is a high probability that its really head & shoulder now. Previous Analysis is on the related ideas below.
The Price was...
If NEO can reclaim 19 USD and close a daily candle above 19, this zone can be flipped to support and we can see a move towards 19.6, 21.8 and 23.6. Stop loss should be place around 18.
If we are not able to break the resistance of 19, we can open a short with a stop loss around 20 and a target price below 17 USD.