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NEOBTC

NEO is preparing for somethingNEO/BTC is forming an ascending triangle . NEO many times bounced off of the rising support of the triangle, constantly creating higher lows . The ceiling was tested many times, so next time 0.00163 expected to fail. Targets for a breakout to the upside on the chart Breaking down invalidates the pattern. Always practice risk management. Fundamentally NEO prepares for something big. NEO has so little attention today with this new coins, but accumulation we've seen on NEO looks impressive. NEO 3.0 coming next year can potentially be a game changer. If you like the idea, please, do hit the Like button and subscribe to the profile in order not to miss our updates! The information given is never financial advice. Always do your own research.
Long
by CryptoBullet
3
NEOBTC: 1 Hour Time frame Chart PatternsConclusion for today's NEOBTC analysis: Price closing above ~0.001665 implies more bullish upside in NEOBTC Intraday timeframe analysis of NEOBTC is presented using a candlestick chart. April 05, 2019 to May 14, 2019 saw NEOBTC remain inside of a bearish channel that is shown on the chart with a breakout following a day after. The bullish implication of the breakout is currently still active even though a sideways movement has resulted. The upper and lower boundary of the ranging environment for price that has lasted over 3 weeks is also drawn with NEOBTC currently trading in the middle of the range. The best course of action is therefore to wait for further price development to ensure the continuation of the May 15, 2019 bullish breakout. Buying above the upper boundary of the range i.e. 0.001665 can be considered as part of a conservative strategy or even buying above the May 30, 2019 price high of 0.001713. Initiation of long (buy) orders prior to breakout is hence considered less conservative. This is due to the fact that it is not yet certain that the ranging movement is complete and prices having a chance to even head lower to test support between 0.001412 and 0.001356.
by Coin_Analyst
NEO consensus protocol upgraded, on schedule for NEO 3.0NEO upgraded its consensus mechanism ahead of the scheduled move to NEO 3.0 in 2020. Often referred to as “Chinese Ethereum,” the company has been making moves in 2019 to increase its global footprint. NEO recently opened a U.S. office―NEO Global Development Seattle, led by former Microsoft executive John deVadoss―and hosted its second developer conference in the same city. Part of the process of readying the NEO blockchain for version 3.0 involved updating its Byzantine Fault Tolerance (dBFT) consensus mechanism. The upgrade to 2.0 makes the algorithm more resistant to disruptions and node failures, said a representative from NEO. Irreversible and unforkable? Compared to proof-of-work (PoW), the consensus mechanisms used by Bitcoin and Ethereum, where blocks are solved by computers “mining” blocks, the dBFT mechanism works by using a small group of trusted servers (nodes)—currently numbering less than 10—to secure the NEO blockchain. DBFT ensures transactions made are irreversible and that forks cannot be made to the NEO blockchain. Version 2.0 will “guarantee immediate transaction finality and includes a recovery method to help failed nodes on the NEO network get back online with minimal disruption,” according to a release from the company. The new consensus mechanism will also make it so the NEO blockchain cannot be forked, making the system “truly irreversible.” The feature is a benefit for enterprise applications of NEO but may pose problems in the future around the decentralization and governance of the system. According to Erik Zhang, co-founder of NEO and the protocol’s architect: “With this improvement, dBFT will have more strict finality. Users only need to wait for one confirmation (15 seconds) to ensure the irreversibility of the transactions and prevent double-spending. This is very suitable for financial applications.” NEO 3.0 is on schedule The upgraded consensus mechanism is just one part of NEO’s roadmap to NEO 3.0, a completely new blockchain that will require users to swap their tokens ahead of the migration. Work on version 3.0 is ongoing and NEO’s GitHub page lists the upgrade as 62 percent complete. At NEO’s 2019 developer conference, Da Hongfei, the co-founder and CEO of NEO, said he wanted NEO to be the number one blockchain by 2020. NEO hopes 3.0 will make the blockchain ready for large-scale adoption by companies such as Alipay or WeChat.Version 3.0 is expected to launch Q2 of 2020 according to an earlier statement from the company. NEO, currently ranked #19 by market cap, is down 1.22% over the past 24 hours. NEO has a market cap of $806.59M with a 24 hour volume of $396.41M.
BITFINEX:NEOUSD
by IgorPorokh
2
NEO - 9 days onIn the last update we saw NEO finally had a change in trend direction, from what seemed the longest time, with a Higher High and Higher Low. It then broke down a little from the blue line before exploding though to make a new Higher High at 0.001647btc for a total of a 16% rise. Then a typical retrace of 0.5 on the fib, to then re-test the last higher high. It got up there but didn't have the strength to break past, lowering volume and rsi. Making a double top with a predictable fall. Where are we now? We are sitting in-between a support and resistance zone but also hidden is we are sitting on the 0.618 fibs. Although at first glance it looks like we are going back to re-test support, there is also the possibility that we bounce up from here. At this moment it probably best to wait for a confirmation to make a decision, however if you do make a trade make sure to set those stops to keep your risk low. As like everyone else on this site, these are just ideas based on what we see. If you have any thoughts or ideas please share below.
by System791
NEO Bullish Ascending Triangle, Getting Closer To Breakout!NEO (NEOBTC) has a chart that is basically identical to Skycoin (SKYBTC), which we shared recently. You can see Skycoin here: For NEOBTC it can take longer though, as this one is yet to break above EMA50... Let's take a look at the signals: Trading above EMA10. Bullish breakout after retrace. Volume increasing in favor of the bulls. The MACD needs work but is trending up. The RSI is really strong. Overall we have the same chart as SKYBTC but a bit weaker. We can expect NEOBTC to make a strong move within 2-3 weeks max. Conditions for change: If NEOBTC closes below 0.00139, the triangle pattern is gone. If NEOBTC goes below 0.00127 our view changes from bullish to bearish and a new analysis is needed. Anything above the 13-May low and we remain bullish long term. This is not financial advice. Thanks a lot for reading. Namaste.
by AlanSantana
7