Although NEO managed to crawl up 30%, back to resistance, it was not able to turn this level of resistance in support (See previous idea).
The resistance rejected the bulls, and now definitely looks on it's way down to the support level, a ton of pain further..
S/R zones on weekly and monthly timeframe. Chainlink is keeping it's trading ranges beautifully.
After the mainnet announcement, I can imagine that it breaks through resistance on it's way to new highs. Definitely a project to keep an eye on.
The monthly chart of neobtc looks pretty dangerous, if you're bullish on the NEO project.
Risk averse traders better stay out of NEO at the moment. If you look at weekly/daily levels, you'll see NEO is hanging on the cliff of at least 90% more downwards movements.
However, risk-loving traders might see this as an opportunity. A recovery of NEO might lead to...
The monthly chart of neobtc looks pretty Risky.
Risk averse traders better stay out of NEO at the moment. If you look at weekly/daily levels, you'll see NEO is hanging on the cliff of at least 80% additional downwards movements.
However, risk-loving traders might see this as an opportunity. A recovery of NEO might lead to a bounce of 30%. With a tight...
