Neo

Technical Analysis of NEO

NEO can be a very good investment option according to estimates and some predictions say that this cryptocurrency could be above $200 in the next several years. The cryptocurrency market has advanced around 2-3% in the last 24 hours and the price of NEO is also supported by this situation. The price of Bitcoin is still below $8 000 and there is a correlation between the price movements of Bitcoin and other cryptocurrencies. NEO is a platform and China’s first-ever open-source blockchain in which users can issue and trade assets. NEO cryptocurrency represents ownership of the NEO platform and allows users to vote on protocol changes on the NEO blockchain. This cryptocurrency is previously known as Antshares and is often considered China’s response to Ethereum. The team behind NEO is very good and its founder Da hongfei is a great expert and a good leader. Another positive thing for NEO is that the Chinese government has embraced the platform, while simultaneously distancing itself from other cryptocurrencies like Ethereum and Bitcoin. When we look at the 1-year chart we can see that NEO is moving in “downtrend”. As long NEO is below $40 this cryptocurrency is in the “SELL” zone. Short term support and resistance levels are $10 and $16- If the NEO jumps above $16 that would be a “BUY” signal and the open way to $20 or even $25. If the NEO jumps above  $40 that could be a strong signal of the trend reversal and the open way to $60. On the other side, if the NEO falls below $10 that will be a strong “SELL” signal and the next target could be around $8.

Advice: According to estimates, this cryptocurrency has a bright future but I would invest only a small sum of money in NEO.  As for the technical picture, the NEO remains in bearish phase but if the price advances above $20, short-term traders can enter the position with the stop loss at $18 and take profit at $25 or even $30.

Technical Analysis of NEO

NEO is a platform and China’s first-ever open-source blockchain in which users can issue and trade assets. NEO cryptocurrency represents ownership of the NEO platform and allows users to vote on protocol changes on the NEO blockchain. This cryptocurrency is previously known as Antshares and is often considered China’s response to Ethereum. NEO can be a very good investment option according to estimates and some predictions say that this cryptocurrency could be above $200 in the next several years. The team behind NEO is very good and its founder Da hongfei is a great expert and a good leader. Another positive thing for NEO is that the Chinese government has embraced the platform, while simultaneously distancing itself from other cryptocurrencies like Ethereum and Bitcoin. NEO was one of the best performers on the cryptocurrency market in the first three months of the 2019 year, in less than 90 days the price of NEO has advanced from $7 above $14 but the current price stands around $9.6. When we look at the 1-year chart we can see that NEO is moving in “downtrend”. As long NEO is below $40 this cryptocurrency is in the “SELL” zone. Short term support and resistance levels are $8 and $10 – If the NEO jumps above $11 that would be a “BUY” signal and the open way to $15 or even $20. If the NEO jumps above  $40 that could be a strong signal of the trend reversal and the open way to $60. On the other side, if the NEO falls below $8 that will be a strong signal “SELL” signal and the next target could be around $7.

Advice: According to estimates, this cryptocurrency has a bright future but I would invest only a small sum of money in NEO.  As for the technical picture, the NEO remains in bearish phase but if the price advances above $20, short-term traders can enter the position with the stop loss at $18 and take profit at $25 or even $30.

Technical Analysis of NEO

NEO was one of the best performers on the cryptocurrency market in the last several weeks, in less than 30 days the price of NEO has advanced from $8.5 above $14 and the current price stands around $11.5. NEO is a platform and China’s first-ever open-source blockchain in which users can issue and trade assets. NEO cryptocurrency represents an ownership of the NEO platform and allows users to vote on protocol changes on the NEO blockchain. NEO can be a very good investment option according to estimates and some predictions say that this cryptocurrency could be above $200 in the next several years. The team behind NEO is very good and its founder Da hongfei is a great expert and a good leader. Another positive thing for NEO is that the Chinese government has embraced the platform, while simultaneously distancing itself from other cryptocurrencies like Ethereum and Bitcoin. When we look at the 1-year chart we can see that NEO is moving in “downtrend”. As long NEO is below $40 this cryptocurrency is in the “SELL” zone. Short term support and resistance levels are $10 and $15 – If the NEO jumps above $15 that would be a “BUY” signal and the open way to $18 or even $20. If the NEO jumps above  $40 that could be a strong signal of the trend reversal and the open way to $60. On the other side, if the NEO falls below $10 that will be a strong signal “SELL” signal and the next target could be around $9.

Advice: My opinion is that NEO could be a very good investment opportunity and putting a reasonable amount of money into NEO could potentially turn out to be an excellent investment. As for the technical picture, the NEO remains in bearish phase but if the price advances above $20, short-term traders can enter the position with the stop loss at $18 and take profit at $25 or even $30.
 
 

Technical Analysis of NEO

NEO can be a very good investment option according to estimates and some predictions say that this cryptocurrency could be above $200 in the next several years. This cryptocurrency is previously known as Antshares and is often considered China’s response to Ethereum. NEO is a platform and China’s first-ever open-source blockchain in which users can issue and trade assets. NEO cryptocurrency represents ownership of the NEO platform and allows users to vote on protocol changes on the NEO blockchain. The team behind NEO is very good and its founder Da hongfei is a great expert and a good leader. Another positive thing for NEO is that the Chinese government has embraced the platform, while simultaneously distancing itself from other cryptocurrencies like Ethereum and Bitcoin. When we look at the 1-year chart we can see that NEO is moving in “downtrend”. As long NEO is below $40 this cryptocurrency is in the “SELL” zone. Short term support and resistance levels are $5 and $10 – If the NEO jumps above $10 that would be a “BUY” signal and the open way to $15 or even $20. If the NEO jumps above  $40 that could be a strong signal of the trend reversal and the open way to $60. On the other side, if the NEO falls below $5 that will be a strong signal “SELL” signal and the next target could be around $3.

Advice: My opinion is that NEO could be a very good investment opportunity and putting a reasonable amount of money into NEO could potentially turn out to be an excellent investment. As for the technical picture, the NEO remains in bearish phase but if the price advances above $20, short-term traders can enter the position with the stop loss at $18 and take profit at $25 or even $30.

Technical Analysis of NEO

NEO is a platform and China’s first-ever open-source blockchain in which users can issue and trade assets. This cryptocurrency is previously known as Antshares and is often considered China’s response to Ethereum. NEO cryptocurrency represents an ownership of the NEO platform and allows users to vote on protocol changes on the NEO blockchain. My opinion is that NEO could be a very good investment opportunity and putting a reasonable amount of money into NEO could potentially turn out to be an excellent investment. The team behind NEO is very good and its founder Da hongfei is a great expert and a good leader. Another positive thing for NEO is that the Chinese government has embraced the platform, while simultaneously distancing itself from other cryptocurrencies like Ethereum and Bitcoin. When we look at the 1-year chart we can see that NEO is moving in “downtrend”. As long NEO is below $40 this cryptocurrency is in the “SELL” zone. Short term support and resistance levels are $5 and $10 – If the NEO jumps above $10 that would be a “BUY” signal and the open way to $15 or even $20. If the NEO jumps above  $40 that could be a strong signal of the trend reversal and the open way to $60. On the other side, if the XRP falls below $5 that will be a strong signal “SELL” signal and the next target could be around $3.

Advice: NEO can be a very good investment option according to estimates and some predictions say that this cryptocurrency could be above $100 in the next several years. Yes, it is true that the price could fall even more but the current price of NEO stands around $7.5 and this is an excellent entry level for the long-term investors. As for the technical picture, the NEO remains in bearish phase but if the price advances above $20, short-term traders can enter the position with the stop loss at $18 and take profit at $25 or even $30.

Technical Price Analysis of Neo(Nov.6th)

NEO, formerly known as antshares, is considered to be China’s answer to Ethereum. Both cryptocurrencies use smart contracts but NEO takes advantage of its unique blockchain in order to improve on Ethereum’s network. NEO is the first decentralized, open-source cryptocurrency and blockchain platform launched in China.
NEO is a blockchain platform and cryptocurrency designed to build a scalable network of decentralized applications. The base asset of the NEO blockchain is the non divisible NEO token which generates GAS tokens that can be used to pay for transaction fees generated by applications on the network. The GAS token is designed to act as fuel for the NEO blockchain and act as a form of security. GAS was not premined and it is designed to be used to allocate resources and maintain the day to day running of the blockchain. It will also be used to reward users maintaining the blockchain.
NEO supports a wide variety of commonly used programming languages such as Javascript, C#, Python, Java, and Go, by using a customized version of Docker called NeoVM that compiles the code into a secure executable environment.
One of the biggest reasons why you should go for NEO in this time of change and possible recovery is the way that NEO has been acting prior to this year’s bearish market. Back in the day, when the crypto prices went on a true rise, NEO managed to hit $187, which was its record, and it came just before the market drop in January. If it weren’t for the constantly bearish market, NEO’s price could have survived the first wave of price drops. Its value even managed to hold on to a decent price for over a month of price drops, which was seen in mid-February, when it was still quite good, at $144 per coin.
However, the market remained for over half a year, and by May, NEO dropped below $100. Many wanted that this is as low as it can get and that the situation will surely take a turn for the better soon. However, they were disappointed when NEO dropped to $29 by the end of June. A little over a month later, NEO has dropped again, but only slightly, and many would argue that the current price of $28.05 might indeed be as low as it could get.
So, NEO has been performing more than well under the proper conditions. It is the cryptocurrency which has most recently given a powerful return to its investors. According to statistics, it would be of great advice to invest, buy or sell NEO.