Another eye open
This time for NEO
NEO broke first maximum with a clear volume signal
NEO against USD (blue lines) has already broken second maximum (blue max trends)
Tho it's not best to measure alt-coins against USD (should not)
NEO against BTC hasn't broken second maximum, yet
I'm waiting for the break with relative medium volume (maintain current volume level is enough I'd wager - yellow line)
(Note that green arrow does NOT pretent to predict future trend)
It happened once
In August 2017
It may happen again
NEO Context:
NEO is another alt-coin very similar to ETH
Rank top #13 cryptocurrency by market cap (U
D 3,316,235,000)
Seeing press coverage of recent alt-coin rampage
It would make sense that smaller alt-coins go getting sudden booms of media spotlight
This time for NEO
NEO broke first maximum with a clear volume signal
NEO against USD (blue lines) has already broken second maximum (blue max trends)
Tho it's not best to measure alt-coins against USD (should not)
NEO against BTC hasn't broken second maximum, yet
I'm waiting for the break with relative medium volume (maintain current volume level is enough I'd wager - yellow line)
(Note that green arrow does NOT pretent to predict future trend)
It happened once
In August 2017
It may happen again
NEO Context:
NEO is another alt-coin very similar to ETH
Rank top #13 cryptocurrency by market cap (U
D 3,316,235,000)Seeing press coverage of recent alt-coin rampage
It would make sense that smaller alt-coins go getting sudden booms of media spotlight
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.