Coin of the day is NEOS.
The NeosCoin is a decentralized, open source cryptocurrency. It was founded in August 2014 from a fork of Bitcoin. The main goal of NEOS 0.60% team is to develop a blockchain based content platform, where users will be able to sell and buy original and not forged content. One of the side but not the least important advantages is the ability to generate anonymous transactions inside the NEOS network. Solving the problem of monetization and originality of content sounds promising, and if the company succeeds in completing what they have started, they will be able to take a good place in the future.
One of the few coins today that stay in the green, while all markets are in the red correction phase.
Latest news: everybody is awaiting the release of v3 beta version, which should be released soon, according to rumors.
Technicals
NEOSBTC price locates rather low regarding its past highs but is drawing turnaround pattern from the beginning of April. The coin has formed a Bullish Trend Line and holds to it. 0.0004 level is standing in the way of the bullish trend, the level which coin did not manage to break through two weeks ago and went into correctional movement. Nonetheless, the price picked up from the Bullish Trend Line and soon to be testing this level again. Break above the 0.0004 resistance will lead the price to the 0.00045 level which lies near to the 100-day EMA. A breakthrough above those levels will be certain uptrend signs. Movement below the 0.000333 level will dismiss the turnaround scenario.
The NeosCoin is a decentralized, open source cryptocurrency. It was founded in August 2014 from a fork of Bitcoin. The main goal of NEOS 0.60% team is to develop a blockchain based content platform, where users will be able to sell and buy original and not forged content. One of the side but not the least important advantages is the ability to generate anonymous transactions inside the NEOS network. Solving the problem of monetization and originality of content sounds promising, and if the company succeeds in completing what they have started, they will be able to take a good place in the future.
One of the few coins today that stay in the green, while all markets are in the red correction phase.
Latest news: everybody is awaiting the release of v3 beta version, which should be released soon, according to rumors.
Technicals
NEOSBTC price locates rather low regarding its past highs but is drawing turnaround pattern from the beginning of April. The coin has formed a Bullish Trend Line and holds to it. 0.0004 level is standing in the way of the bullish trend, the level which coin did not manage to break through two weeks ago and went into correctional movement. Nonetheless, the price picked up from the Bullish Trend Line and soon to be testing this level again. Break above the 0.0004 resistance will lead the price to the 0.00045 level which lies near to the 100-day EMA. A breakthrough above those levels will be certain uptrend signs. Movement below the 0.000333 level will dismiss the turnaround scenario.
