NEOShort
Steady NEO growth - 6 week prediction
This 3 months chart shows NEO price movement in USD. As you will see a pattern is beginning to form with periods of price stability, and then growth of 15-25%. We are however trending up in price. NEO movement in September dropped greatly because of the decision by the Chinese government to temporarily ban ICO projects. NEO is a platform by which DAPPS can be built upon and therefore there was a massive selloff by almost 50 percent. Confidence gradually returned by the beginning of October, when investors realized that the Chinese decision would not dramatically impact the worldwide demand for NEO.
Mid October - Mid November we see a classic crypto stability trend with fluctuations of 2-10%, this is similar to the movement we saw with ETH right before its massive break out. NEO then spiked to a high of 44.00USD on November 18th.
NEO then remained above 28USD for another 3 weeks before entering another Bull Run to 53.00USD on December 14, 2017.
The new NEO support line should be between 37.00-39.00 USD. This recent spike also happens to coincide with multiple youtube personalities "reviewing" and discussing the potential of NEO in 2018. Cryptobud- a youtube personality suggested that NEO would be on his list of coins that potentially could be added to Coinbase in 2018, he made this call on December 13th 2017, and we saw the drastic price rise. I believe we will see 63.00USD NEO within the next 6 weeks, as the current trend continues, as the price of BTC rises we may see some pullback, as funds are diverted to BTC to chase profits.
Mid October - Mid November we see a classic crypto stability trend with fluctuations of 2-10%, this is similar to the movement we saw with ETH right before its massive break out. NEO then spiked to a high of 44.00USD on November 18th.
NEO then remained above 28USD for another 3 weeks before entering another Bull Run to 53.00USD on December 14, 2017.
The new NEO support line should be between 37.00-39.00 USD. This recent spike also happens to coincide with multiple youtube personalities "reviewing" and discussing the potential of NEO in 2018. Cryptobud- a youtube personality suggested that NEO would be on his list of coins that potentially could be added to Coinbase in 2018, he made this call on December 13th 2017, and we saw the drastic price rise. I believe we will see 63.00USD NEO within the next 6 weeks, as the current trend continues, as the price of BTC rises we may see some pullback, as funds are diverted to BTC to chase profits.
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