Neo RSI is pretty high , it might test support before going any higher again , i'd wait and see where Neo goes for now , down to support or testing the upper resistance . Wait and make an informed decision
Could be a breakout of the current trend. Bullish MACD cross getting close, as well. Liking what I am seeing but need more volume. BTC consolidating and not much movement. Could be a good time for money to change to some of these Alts.
NEo is currently on reload zone + big support, if the resistance at 565k breaks, we can expect reach these 2 targets:
1st target : 750k
2nd target : 900k
At this point we are near to a reversal for Neo.
1- Daily MA100 could act as a strong support
2- If daily MA100 fails, watch for historical uptrend.
Also daily MACD crossing and turning bullish
Just practicing some technical analysis on this chart to see how good of indicator the uniformity line proves to be. Uniformity line seems significant. 100 moving average seems to provide significance as price action tends to dance around that area.
I posted that NEO was overstretched on August 17th and that a brutal retrace was imminent. This has in fact happened, but now the time has come to reestablish interest in "China's Ethereum". The long term trend line remains in tact and offers a great opportunity to catch the falling knife, buying in at around .004.
