This chart supports my previous posted idea regarding NEO/USD breakout in the next days. The rally is long due so I will keep holding my NEO positions unless NEO/USD breaks the huge support around 26 on very high volume. I will post an update on my NEOUSDT chart.
The NEOBTC chart shows multiple things:
- Huge support around 0,004000 - we have corrected +/- 80% from the 0,014 high - There is a potential double bottom around 0,004 (A and C) - next resistance levels are 61.8% (0.0067) and 50% (0.008) fib retracements
it broke 0.004 so its looking like it will find support as low as 0.0024....but then a breakout to as high as 0.0084? Idk....but 0.004 has broke, and 0.0035 may catch + support. Its just insane because of BTC bull run and the additional ~500mil / 400mil added to the total MCAP in the recent days, you would think there'd be some growth relative to BTC. but no, BTC has to be the star - on the bright side, great opportunity to jump into NEO
laocreates
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@astoinis, people are going full FOMO on BTC, not seeing buying opportunities in alt coins.