NEO analyst - Resistance becomes support

in #cryptocurrency • 7 years ago

NEO had a big run up this week and it broke this downward trendlijn. (red line) After that it retraced back and now resistance becomes support on the NEO/BTC chart! This can go along way up but next resistance can ben the yellow line.

neo.png

I am looking to add some more USD to my position but i will wait for a good retracement from this last pump. I will buy if price is in the blue box.

neo2.png

I suspect NEO will have another leg down against the US dollar and I will buy between the 1.272 and 1.618 Fibonacci lines.

neo3.png

Good luck trading and please give me a upvote if this is helpful !!!

I use Coinigy as my charting and trading tool. You can try it out 1 month for free at this link.

#neo #btc #price #analyst
7 years ago in #cryptocurrency by
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     7 years ago 

    Thank You @BobCoupe for this post and upvoting my comment to EricVanceWalton yesterday...

    Your analysis looks to be very good and I own NEO, so please continue...

    UpVoted & I'm following You now.

    Hope You have a Great ThanksGiving Day & Weekend !!

    Cheers !!

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     7 years ago 

    It just hit the blue box

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     7 years ago 

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       7 years ago 

      Its very nice and wonder post i like it your post i upvotes for you please upvote me
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