Monfex_UK
Long

Don't Overlook NEO!

BITFINEX:NEOUSD   NEO / U.S. Dollar
Hi, Traders ! Monfex is on the air !

NEO looks like a very attractive Buy in a mid-term horizon.

* NEO is the 18th largest digital asset with the current market value of 766 million and an average daily trading volume of $440 million.
* NEO spiked at almost $13.40 on 28/10 and then noticeably retreated to as low as $10 level.
* After that, the coin has been fluctuating inside the range of $10.2 - $11.7 - over the last couple of weeks.
* The Bears keep pushing the price down, but it seems to have found the Support at 200 EMA around $10.80, on H1 time-frame.
* On a Daily TF we can try to construct Trend-based Fibonacci extension that gives us the projection of the next important upside target of $16.70.
* Additionally, the price of NEO is backed by 21 Daily EMA from below. Hence, a $10 level looks sufficiently covered.

Active trade signal

Buy @ $10 - $11.
Target: $16.70.
Stop-loss: $9.70.

Watch for our Updates to get real-time superior signals!

GOOD LUCK AND LOTS OF PROFITS !!

Disclaimer
This report is for information purposes only and should not be considered a solicitation to buy or sell any cryptocurrency or cryptocurrency product. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.

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