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
$0.47
  • Past Payouts $0.47
  • - Author $0.47
  • - Curators $0.00
37 votes
Reply 4
Sort:  
  • Trending
    • [-]
     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 !!

    $0.06
    • Past Payouts $0.06
    • - Author $0.06
    • - Curators $0.00
    2 votes
    Reply
    [-]
     7 years ago 

    It just hit the blue box

    $0.03
    • Past Payouts $0.03
    • - Author $0.03
    • - Curators $0.01
    2 votes
    Reply
    [-]
     7 years ago 

    Hello & Cheers!! I'm a content detection and information bot. You are receiving this reply because a short link or links have been detected in your post/comment. The purpose of this message is to inform your readers and yourself about the use of and dangers of short links.

    To the readers of the post: Short links are provided by url shortening services. The short links they provide can be useful in some cases. Generally their use is benign. But as with all useful tools there are dangers. Short links can be used to hide all sorts of things. Quite frequently they are used to hide referral links for instance. While not dangerous this can be deceptive. They can also be used to hide dangerous links such as links to phishing sites, sites loaded with malware, scam sites, etc. You should always be extremely cautious before clicking on one. If you don't know and trust the poster don't click. Even if you do you should still be cautious and wary of any site you are sent to. It's always better to visit the site directly and not through a short link.

    To the author of the post: While short links may be useful on some sites they are not needed on steemit. You can use markdown to format your links such as this link to steemit. It's as simple as [steemit](https://steemit.com) Unlike short links this allows the reader to see where they are going by simply hovering over the link before they click on it.
    This message was created by a bot. It is part of the ongoing fight against spam and phishing attacks on steemit. If you did not use short links in your post and feel you have received this message in error you can contact @fubar-bdhr on discord or @fubar.bdhr on steemit chat to report the issue.
    $0.00
      Reply
      [-]
       7 years ago 

      Its very nice and wonder post i like it your post i upvotes for you please upvote me
      https://steemit.com/bitcoin/@keerthi12345/bitcoin-emerges-as-crisis-currency

      Coin Marketplace

      STEEM 0.20
      TRX 0.25
      JST 0.039
      BTC 97402.80
      ETH 3477.48
      USDT 1.00
      SBD 3.19