NEO ABOUT TO MAKE THE NEXT 2X BREAKOUT
Hello Lads and Ladies!
As we see here, we have strong support line at 0.006650 that has triggered a strong breakout. Right now we are almost about to enter that zone again. NEO Volume is in comparison very low and the price as well as the RSI seem to drop steadily. I would not imagine it crossing the support line at 0.006650, after it has been on a well respected downtrend of more than 30%. IF the fibs are respected and we see a similar breakout which is recently getting bigger, the first stop will be at 7875, that should be go through with ease, so the next stop will be 0.008585. This is the high from the first breakout, so we could see small correction here. Anyhow I see it heading towards 0.01150 sats, with a classic support/resistance line (which also happens to be the 23.6% fibs line) at 0.009050 stats. ANYHOW, if we see general bull run, it might even go higher than 0.01500 .
Right now NEO is really undervalued and as we all know it likes HUGE breakouts, so I will fasten those seatbelts for the next one!
Cheers, Tomas
As we see here, we have strong support line at 0.006650 that has triggered a strong breakout. Right now we are almost about to enter that zone again. NEO Volume is in comparison very low and the price as well as the RSI seem to drop steadily. I would not imagine it crossing the support line at 0.006650, after it has been on a well respected downtrend of more than 30%. IF the fibs are respected and we see a similar breakout which is recently getting bigger, the first stop will be at 7875, that should be go through with ease, so the next stop will be 0.008585. This is the high from the first breakout, so we could see small correction here. Anyhow I see it heading towards 0.01150 sats, with a classic support/resistance line (which also happens to be the 23.6% fibs line) at 0.009050 stats. ANYHOW, if we see general bull run, it might even go higher than 0.01500 .
Right now NEO is really undervalued and as we all know it likes HUGE breakouts, so I will fasten those seatbelts for the next one!
Cheers, Tomas
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