Just like most high cap coins (vs low cap alt coins), NEO follows BTC againts fiat currencies (USD).
Support seems to be forming around the 0.764 retracement level on the daily timeframe. On shorter timeframe, we had a potential false bottom breakout today (which could mean downtrend was rejected/bears are exhausted).
NEO having so much potential on the long term, I'm therefore looking for a long term investment and now could be the perfect entry. I'm looking to enter long tomorow if price breakout from the top trendline.
Entry: around 90$ (if price breaks the top trend line)
Stop: 77.50$
Target: to be defined
Support seems to be forming around the 0.764 retracement level on the daily timeframe. On shorter timeframe, we had a potential false bottom breakout today (which could mean downtrend was rejected/bears are exhausted).
NEO having so much potential on the long term, I'm therefore looking for a long term investment and now could be the perfect entry. I'm looking to enter long tomorow if price breakout from the top trendline.
Entry: around 90$ (if price breaks the top trend line)
Stop: 77.50$
Target: to be defined
Commentaire:
On the 4hr chart
