TECHNICAL ANALYSIS OF NEOUSDT CRYPTOCURRENCY PAIR
https://www.tradingview.com/x/0H10hgw6/
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/blog/details/4152
Picture tells more than thousand words.
Enjoy.
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/blog/details/4152
Picture tells more than thousand words.
Enjoy.
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