NEO has been one of the bigger surprises of the last couple of days. Where most coins struggle, NEO seems to shrug bearish sentiment off and continue the bullish trend. For now.
Assuming that BTC will not drop much further, I'm expecting NEO to continue to go up. Be patient and wait for BTC to consolidate before looking at NEO.
Long-term I'm still bearish on NEO as per my analysis below. Therefore my target is placed near the previous local top.
On the other hand, we might go for a re-test of the trend line in the coming days. Keep a close eye on BTC.
Happy trading!
Assuming that BTC will not drop much further, I'm expecting NEO to continue to go up. Be patient and wait for BTC to consolidate before looking at NEO.
Long-term I'm still bearish on NEO as per my analysis below. Therefore my target is placed near the previous local top.
On the other hand, we might go for a re-test of the trend line in the coming days. Keep a close eye on BTC.
Happy trading!
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