NEO/BTC - As we can see here everyone, NEO has broken its KEY support level around 3320 Sats.
Our next significant weekly level is what i call the area of largest financial upside.
The Analysis is simple, you may be saying - You only put in two support levels?
Well yes, that is all we need in this circumstance as we definitely know the direction of the market structure. We have broken a key level with little to no bulls in sight.
I feel we will see NEO lower and i will be buying up soon.
As you can see the first market cycle on NEO looks almost identical to the second market cycle.
From the data we have we can come to a conclusion that NEO is nearing its bottom and bulls will start accumulating around the 2000 satoshi mark.
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