NEO trend reversal, on its way up! ... again
Güncellendi
In a previous post I shared a few points on why I believe NEO is a good coin to trade/hodl.
If you take a look to Ethereum's chart around March 2017, you will notice a similar behavior with NEO... well, let me rephrase that, if you compare a current chart of NEO with an Ethereum chart from March 2017, you'll notice a very similar behavior.
NEO is being called "Chinese Ethereum" and the guys behind it are making interesting bonds, have big plans (almost every team has "big plans") and they're the first Chinese open source block-chain; I wouldn't be surprised if the price of this token goes up the same way Eth did a few months ago; actually, I'll be very happy about it.
So, about the Chart... We have this nice pennant which I believe will result in another interesting breakout, where we could reach anywhere above de 45USD. We also have two rejections when the trend tryed to break the 41USD resistance, but you know what they say? 3rd time's a charm! Nah, seriously, if the trend manages to break resistance, it will surely go up 5-10USD. If this goes wrong,and the market decides to go full-bear-mode, we have a lot of supports to rebound, so don't worry and DON'T PANIC. The lower it goes, the better chances we get to stock of this nice coin.
NEO (and almost any other alt-coin) had a hard time dealing with all this bitcoin drama... everybody drooling over the king's explosion! And that's far from over; with bitcoin cash being more profitable for miners, a new hard-fork ahead... many challenges.
In the end, I believe this coin is worth holding, and it gives good profit when it moves. But don't believe me, see it for yourselves!
If you take a look to Ethereum's chart around March 2017, you will notice a similar behavior with NEO... well, let me rephrase that, if you compare a current chart of NEO with an Ethereum chart from March 2017, you'll notice a very similar behavior.
NEO is being called "Chinese Ethereum" and the guys behind it are making interesting bonds, have big plans (almost every team has "big plans") and they're the first Chinese open source block-chain; I wouldn't be surprised if the price of this token goes up the same way Eth did a few months ago; actually, I'll be very happy about it.
So, about the Chart... We have this nice pennant which I believe will result in another interesting breakout, where we could reach anywhere above de 45USD. We also have two rejections when the trend tryed to break the 41USD resistance, but you know what they say? 3rd time's a charm! Nah, seriously, if the trend manages to break resistance, it will surely go up 5-10USD. If this goes wrong,and the market decides to go full-bear-mode, we have a lot of supports to rebound, so don't worry and DON'T PANIC. The lower it goes, the better chances we get to stock of this nice coin.
NEO (and almost any other alt-coin) had a hard time dealing with all this bitcoin drama... everybody drooling over the king's explosion! And that's far from over; with bitcoin cash being more profitable for miners, a new hard-fork ahead... many challenges.
In the end, I believe this coin is worth holding, and it gives good profit when it moves. But don't believe me, see it for yourselves!
Yorum
After several attempts, the 41USD resistance could not be broken so the bulls got tired and decided to get some rest, however no bears were present so we now have a side flat movement... nothing to report, we need to wait a bit.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.