#cryptocurrency $NEO.X still positioned for upside

BITTREX:NEOBTC   Neo / Bitcoin
While Neo recently found itself swinging between $50 and $35 on some hype which turned out to be less than impressive, it's still positioned for further upside. The current risk/reward levels are actually still decent, considering there is so much resistanc in the 0.005s the only real options are breaking through the support/stop at -10% or breaking through the resistance, which, if it does, opens the door to the recent high at 0.006, a ~40% move.

The NEOUSD chart below shows strength and stabilization for another move toward $50, which is the next level that Neo will need to build a base at for long-term price appreciation.

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