NEO/USDT Update: Closing the gap to old supportCurrently Neo closes the gap to the old support arounf 40$.
We still did not see new ATH which lies around 180$.
However, we stay optimistic for this year to reach new ATH after the dust settles from this current pullback.
We broke out of the upwards channel and try to get back in again.
The volume over 2021 is high which indicates demand.
Basic rules:
- Never buy the top/ATH
- Take profit as long as you can (also partial profit is profit)
- Use Stop/loss for leveraged positions
- If you are not experienced, don't leverage in the first place
Enjoy the ride and don't be too greedy.
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Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers
ps.
Chart explanation:
Main lines:
- Green lines are tested support lines.
- Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
- Cyan line is for volume trendline.
- White lines are Fibonacci retracement levels
Helplines:
- Purple lines are trendlines we take a look at.
- Yellow lines are for visual help only.
Boxes:
- Either entry zone or support zone. Check the description.
