What can we await from NEO?

in cryptocurrency •  7 years ago 

Of course nobody can predict the future, but let´s see the technical analysis:

  1. RSI says nothing. Even if neo holders don´t want to hear that, NEO at price 28 USD isn´t oversold at all.
  2. We are in the middle between two strong resistences (top at 31 USD, bottom at 26 USD)
  3. All three trend lines show us the downtrend of neo. If we check the shortest term trend, we can see a triangle and if nothing happens, it will leave throw the lower line - this shows the downtrend again

My conclusion is, that after few days of bleeding we are still not on a bottom at all, the downtrend will probably continue at least until 26 USD.
By my opinion the market hasn´t got the power to break this resistance, so here we can await if the chart turns to uptrend again :)
NEO-logo.jpg
neo.png

cryptocurrency neo money analysis bitcoin
7 years ago by

Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

  • Disagreement on rewards
  • Fraud or plagiarism
  • Hate speech or trolling
  • Miscategorized content or spam

Submit
$0.00
    1 vote
    0
    Authors get paid when people like you upvote their post.
    If you enjoyed what you read here, create your account today and start earning FREE STEEM!