NEOBTC Breakout
Updated
So It's been a little while since NEOBTC has made a big push. It is right up against previous resistance and its been there for about 40 days. The 50 day has come up to meet its current standing. BTC has been on the way down and NEO is looking strong. Will it hold it's USD value while BTC drops a solid 40%? If so, its BTC value will go up significantly in the next 10 days or so. NEO is also having a positive MACD cross lining up. Could we see new highs for NEO in the next 10 days? Volume has really come down. Is anyone expecting a burst?
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Seeing an upward trend line developing. Lets keep an eye on it and see how price action interacts. It could be a jumping point for some new gains.
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Here it is zoomed in on the 1H. Its just riding right along that support line.Comment
There is decent support at .0085 if it dips below this trend line.Comment
Zooming out a little further to see the ascending trend line for NEO.You can see where it dipped below the blue ascending trend line In December (red high-light) and bounced off previous support at 195K (green dash) and then being pulled up quickly and recovering at the trend line.
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If it drops below the ascending trend line again. We can see support at 85K, 55K and 45K. It is possible that it could touch 45K again. If it does! What a GREAT time to buy! It would likely rebound very quickly.
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Correction:850K, 550K and 450K
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