NEO, What's it cooking? Potential death's cross 50/200day avg++!
Updated
Neo this time around!
It definitely doesn't look good! There's less and less enthusiasm for neo, in the last couple of months. I think this could be mainly due to the recent rise of eos/tron etc etc. However not all hope is lost for neo!
NEO/usdt and gas/usdt, as such are a great concept and invention in cryptos, that almost no other crypto currency has. Moreover, looking at the long term, after the correction is over, neos' dividend system offers similar characteristics as other traditional assets, with an extremely good application of blockchain. This does offer potentially a very good return for the risk taken in investing in neo( risk of price fluctuation, decreasing with, having a paid dividend of approx. 3-5% yearly unlike any other crypto).
I will not go into so much detail this time around, because I think it's a bit too early, and recent neo news, will definitely affect the price positively over the summer. Until then, I do see a potential end of the correction @ around 30$, eventually 14-15$(very unlikely), if there's large volume of sellers. Furthermore, I'll update this post continuously as I am looking into investing into neo/usdt, in the near future.
As always, agree, share, or comment any thoughts about neo/usdt , or the crypto market in general. All critics are more than welcomed!
Disclaimer:
//This is not a buy or a sell sign, you decide what to do with your own money!!//
It definitely doesn't look good! There's less and less enthusiasm for neo, in the last couple of months. I think this could be mainly due to the recent rise of eos/tron etc etc. However not all hope is lost for neo!
NEO/usdt and gas/usdt, as such are a great concept and invention in cryptos, that almost no other crypto currency has. Moreover, looking at the long term, after the correction is over, neos' dividend system offers similar characteristics as other traditional assets, with an extremely good application of blockchain. This does offer potentially a very good return for the risk taken in investing in neo( risk of price fluctuation, decreasing with, having a paid dividend of approx. 3-5% yearly unlike any other crypto).
I will not go into so much detail this time around, because I think it's a bit too early, and recent neo news, will definitely affect the price positively over the summer. Until then, I do see a potential end of the correction @ around 30$, eventually 14-15$(very unlikely), if there's large volume of sellers. Furthermore, I'll update this post continuously as I am looking into investing into neo/usdt, in the near future.
As always, agree, share, or comment any thoughts about neo/usdt , or the crypto market in general. All critics are more than welcomed!
Disclaimer:
//This is not a buy or a sell sign, you decide what to do with your own money!!//
Note
Possibly a double bottom for neo, current retracement to 47$ which is a 0.93 ret support for neo, stop loss bellow 44$, on the neo/btc chart there's not much movement.Trade active
It's been almost a month since I posted this. Gotta say, not too bad. In between 200-300% increase in position in NEO/USD, and about 80% in btc/neo.
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