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NEO (NEO)
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NEO/USD Big Accumulation?

HomeAnalysis — NEO/USD Big Accumulation?

NEO – An Open Network For Smart Economy

 

NEO is a non-profit community-driven blockchain project. It utilizes blockchain technology and digital identity to digitize assets and automate the management of digital assets using smart contracts. Using a distributed network, it aims to create a “Smart Economy”.

NEO was founded in 2014 and was open sourced on GitHub in June 2015. NEO believes that community development is its top priority. NEO has a huge developer community around the world, such as CoZ, NEL and NeoResearch, who continuously contribute to NEO development. Millions of community members are active on Reddit, Discord, Github and Twitter.

 

TECHNICAL ANALYSIS :

So as you can see on my graph, NEO/USD is now like almost all the big cryptocurrencies, in a range that looks like an accumulation.

The bears tried to break it down from 6.90$ but got rejected at 5.50$.

So our actual support is now 6.90$ (following bitfinex rates.)

bulls tried to break it up from 8.50$ but got rejected at 9.55$

So our actual resistance will be 8.50$.

In the range from 6.90$ to 8.50$ , if one of those breaks we can expect some bigger movement.

KEEP IN MIND THAT IF BTC CRASH , ALTS WILL FOLLOW.

BULLISH : Above 9.55$

BEARISH : Below 5.50$

If btc stay above 3350$, we can expect some good movements on alts like NEO.

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