Just like other major cryptocurrencies, NEO is posting a fairly bullish chart, indicating potential break up to $10 levels.
Note
As seen in LTC, NEO's jump was halted by a resistance in NEO/BTC value as seen on chart below.Given the bullish setups, we are either going to see this resistance breaking, or see a rise in BTC price to allow NEO to reach 10$ without breaking this NEO/BTC resistance.
Note
This is why it's important to start closing the position some time before the target is reached, because the trend might change few % before the target.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.