NEOUSDT
NEO will go up 85,35% !$27,78 -> Medium-term target
Hello Friends, According to the NEO analysis, it will climb to $27,78
Don't forget the position sizing guys ;-)
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NEO weekly (long term)NEO is still trying to pierce through the resistance zone wich was the target on my last chart. Even the thought the target was reached twice it rejected weekly candles on both of those times. NEO is now trying to pierce through for the third time but seem's to be undecided. I'm sure it will broke it but we might see NEO dip one lat time to the red zone wich was the resistance zone in my last chart and now acts as a accumulation zone. Theses zones have proven to be working since a couple months! When NEO will break through the resistance zone it will make massive moves, now is a good time to accumulate!
NEO chart looks bullishHigher highs / lower lows indcating an uptrend. Since April 4th its been grinding thru resistance resistance and after every rejection to break thru the resitance area, NEO has required less volume and time to absorb the supply dump. I'm thinking there's not much more supply up there and we might see a breakthrough soon.
You also have to consider the on the BTC pair we are coming up to the end of the continuation pattern which also gives me and indication that a move is coming withing the next few days/week
TECHNICAL ANALYSIS OF NEOUSDT CRYPTOCURRENCY PAIR
Third week of February has seen the biggest buying in Binance history for the pair. Bearish pin formed and was later broken to the upside.
Price action of the last ten weeks is signaling break of important 13.800 price level.
NEO seems to be a good investment opportunity and 13.800 is a good price to buy. Margin trading should be avoided. Even if the mentioned signals don’t work out, the next idea is just to hold NEO.
If bull trend develops reaction around 25 level is expected. One option would be to take some profits out.
Next (major) level is 40 and price reaching that level means having nice profit. Maybe holding on to some NEO after that for some wilder ideas is not so bad.
Here is the link for fundamental research.
neo.org
Picture tells more than thousand words.
Enjoy.