NEO - Important Support Levels to watch
Updated
This is a daily chart of NEO.
As you know, these are critical times right now. And anyone who is not familiar with trading, should leave this ship as a couple of holes have been drilled into this ship already. But you have to be aware, that things can incredibly speed up soon... if we should close below 50EMA on the weekly, this "bear-trend" will continue for the next year.
I am posting important support levels for the most important coins now which we can watch for possible short term reversals.
This will include
BTC
ETH
NEO
LTC
BCH
As you know, these are critical times right now. And anyone who is not familiar with trading, should leave this ship as a couple of holes have been drilled into this ship already. But you have to be aware, that things can incredibly speed up soon... if we should close below 50EMA on the weekly, this "bear-trend" will continue for the next year.
I am posting important support levels for the most important coins now which we can watch for possible short term reversals.
This will include
BTC
ETH
NEO
LTC
BCH
Note
Nothing too much happened at NEO despite pinning slightly through the first support. Still sitting strong on the 1. Level of support.Just as ETH, NEO also shows us a rising wedge, possible triple top or head n shoulders formation... BEARISH for now.
Right now it is 2:2 between LTC & BCC vs ETH & NEO. Who's left? BTC of course. Lets see..
Note
NEO is currently hovering above important support at the 4-6$ range. The trend change is not convincing at this point and it seems likely that this correction is far from ended.
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