Technically a 'perfect' mid-term entry area would be $8.5-$10, criteria:
- Different Fibonacci retracement levels
- The round number $10
- Previously worked resistance areas which now becomes support levels
- Curve trendline from the bottom
From the technical perspective, this level should be pretty strong, add here some fundamentals, watch closely what BTC does,...
Measured target in chart, currently broke up from descending logarithmic channel and RSI is peaking again (indicating some trend strength is returning). NEO claims to be the number #1 blockchain in 2020, let's see what they are up to.
I tried to make a good reflection of the whole cryptomarket. I only could do this with coins that been trading for more than a year. Otherwise the chart did not work. So I made a chart with the following coins:
BTC, ETH, XRP, LTC, DASH, NEO, MONERO, XEM
If people also wanna chart on this chart use the following...
Neo has been showing strength with ascending bowl pattern movements. 50 MA is about to cross about the 200 MA giving us the best signal in all of charting - the golden cross. Expect upwards momentum here.
Hi friends! Congratulations to my second place Twitter voters, who voted for an analysis on Neo! If you aren't following me on Twitter, please do. I promise, there is a lot more than just technical analysis. =D So, without furhter ado, let's get to the chart!
Looking at the daily chart for NEO, we can see that it is trapped inside of a downtrend channel. More...
. NEO/DOLLAR is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 79.
. There is a possibility of temporary retracement to suggested support zone (13.6650 to 10.0338). if so, traders can set orders based on Price Action and...
The crypto market slowly gives signs of turning bullish. Bears run out of steam.
After a long period of silence and for all of us a painful 2018, here's my long term expectation of NEO
NEO went as low as 5 dollars end of 2018, revisiting the 2017 lows, Antshares time, before the first NEO Rebranding run.
These are incredible price levels. It's impossible not to...
All big names were bough aggressively today. So if there are institutional money you DON'T want to chase the price !
They will wash you out ! Wait for pullback in this particular case 12/10,5.
I do believe we will see bigger volatility hence sharper pullbacks...