I'm im a BTC 3.00% holder but NEO/BTC charts says.... nothing. Here is NEO/USDT that can explain today's movements. It can reach $145. Enjoy the trade, be cautious as always.
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Main char of this idea looks terrible, need to move it to the left if u wanna see something. Here is the closer look. NEO has bouced of golden fibonacci zone and rising up. Its already over 30min/55MA resistance.Note
It's my beginning with that coin so i'm doing a deeper analisys. I made some compare to BTC/USD (the whole blue are is BTC/USDT) and as we can notice on that chart, NEO is kinda sticky to BTC right now. The difference is in last two days, interesting right?
In the closer look we can notice where 4h candle is. It definately was rejected by 55MA/4H (yellow line) BUT as we can also see 100MA/4h was working as a resistance and now it works as an support. We need to spend more time with that coin. Somethings gonna happen here, really soon!
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100MA/4H didnt survive but our support line works great as a resistance.Note
Unfortunately NEO lost its support on BTC's rally. Did we find a new channel already? I would like some proof. Double bottom would be great.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.