NEO/USD Continuation Buy Opportunity
Updated
I hope you have all had a good start to the trading week.
Here we have NEO/USD on the 4H chart.
The NEO price quickly started losing value and even dropped as low as $68.11 at one point. Every dip is a new buy opportunity in cryptocurrency, though, and it seems the NEO price is heading back to $150 unless a major market crash occurs yet again.
With this current uptrend in place, the big question is whether or not NEO can effectively hit $150 again. It seems rather logical to assume that is a possibility, although it may take a few days to happen. All cryptocurrency markets are still pretty volatile as of right now, and it won’t take much to send the NEO price back to $120. It is impossible to tell how things will evolve in the future, but for now, the situation looks pretty good.
Price is picking up more momentum to the upside. Price is currently trading above a side-wards support level .I am expecting Neo continue with the current upside momentum.
Here we have NEO/USD on the 4H chart.
The NEO price quickly started losing value and even dropped as low as $68.11 at one point. Every dip is a new buy opportunity in cryptocurrency, though, and it seems the NEO price is heading back to $150 unless a major market crash occurs yet again.
With this current uptrend in place, the big question is whether or not NEO can effectively hit $150 again. It seems rather logical to assume that is a possibility, although it may take a few days to happen. All cryptocurrency markets are still pretty volatile as of right now, and it won’t take much to send the NEO price back to $120. It is impossible to tell how things will evolve in the future, but for now, the situation looks pretty good.
Price is picking up more momentum to the upside. Price is currently trading above a side-wards support level .I am expecting Neo continue with the current upside momentum.
Note
The NEO price surpassed the target zone $140 not that long ago. Many people assumed this was the beginning of a major uptrend with 18% in 24H, but things worked out very differently. Every dip is a new buy opportunity in cryptocurrency.With this current downtrend in place, the big question is whether or not NEO can effectively hit $140 again. It seems rather logical to assume that is a possibility, although it may take a few days, if not weeks, to happen. All cryptocurrency markets are still pretty volatile as of right now.
With $582,495,000m in 24-hour trading volume, NEO hasn’t exactly impressed most altcoin speculators.
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