NEO is one of the most promising projects I personally think it will outperform many other currencies in 2018. I think the price by the end of this year will exceed well above $500.
In my opinion market overall still bearish and it is really hard to make money in this kind of market condition. However there are still opportunities to catch based on TA's.
As you can see 1D RSI and and MACD are looking pretty good for NEO. RSI at 30 level indicating a price reversal near. In fact it has already started. 1D MACD seems like getting closer to finish red cycle. So maybe for a couple of days will see an upward trend.
I still think this is not the time that we will see a continuous run that will bring the price to $200 level. Probably it will stop before reaching up to the highest price levels earned before.
This does not mean that we cannot make money here and there.
This is just an estimate please do your own research and invest wisely.
In my opinion market overall still bearish and it is really hard to make money in this kind of market condition. However there are still opportunities to catch based on TA's.
As you can see 1D RSI and and MACD are looking pretty good for NEO. RSI at 30 level indicating a price reversal near. In fact it has already started. 1D MACD seems like getting closer to finish red cycle. So maybe for a couple of days will see an upward trend.
I still think this is not the time that we will see a continuous run that will bring the price to $200 level. Probably it will stop before reaching up to the highest price levels earned before.
This does not mean that we cannot make money here and there.
This is just an estimate please do your own research and invest wisely.
Note
it is nearing to the BUY zone.Note
it in the Buy Zone but I think it will hit 61.8% FIB level easyNote
78.6% FIB level seem to be more possible everyday. However it might take a brief break from this downtrend since RSI looks like turned its head North and 1D MACD may go above the threshold. I don't think uptrend will stay around too long. Don't let it fool you.Note
As I mentioned on March 18th 78.6% FIB level is even more possible now if BTC does NOT recover soon.
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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.