NEO has been making hard gains in the past 12 hours following news of the Microsoft developer competition supporting them and a few others listed below. After seeing a 40% increase yesterday with some pullback and minor consolidation, as more news leaked out, NEO climbed to about $44 overnight in the USA. Once reaching $45, it met some resistance as a high sell wall was stacked against it and I am wagering that it shall pull back to about $40 before making a run for a new all time high. There will also be some resistance set at $60 as the final sell wall for NEO is placed at $60, however past that, the best guess is moon. After a moderate correction, I believe NEO will break through the $45 mark and blow the roof on this price level (including the $60 sell wall). Below are some of the breaking news today that has caused heavy rise in the PA.
Today, NEO has had several major announcements. Firstly, they announced their developer competition with MSFT today, initially causing a large spike in volume. After consolidating for a short period, this image was posted by Malcolm Lerider. Malcolm Lerider is a senior member in NEO's council, with a mysterious allusion to what could be coming in the next few days.
twitter.com/MalcolmL...s/931521977839505408
Following up on this, Da Hongfei (founder of NEO and CEO of Onchain) spoke at an event hosted by Onchain describing the future of blockchain technology and the future of building trust with markets doing so. During his speech, he delivered on describing an entire SmartContract ecosystem by partnering with ONT and describing how China is in an opportune moment to change the world.
A few hours later, this news feed popped up with the assumption that all NEO believers saw in that conference, and it truly makes you wonder...
rmbtheory.com/china-allowing-icos-neo/
Will China truly allow ICO's again? And if so, could NEO be the one vector through which all future ICO's have to go through?
The event at Swissnex China on Nov 21 Beijing Time may tell the tale.
I am not offering trade advice nor do I recommend you trade based on my predictions and evidence put forth by the community. All trades made on your behalf are exactly that, on your behalf and under your own control.
Good luck and happy trading :-)
Today, NEO has had several major announcements. Firstly, they announced their developer competition with MSFT today, initially causing a large spike in volume. After consolidating for a short period, this image was posted by Malcolm Lerider. Malcolm Lerider is a senior member in NEO's council, with a mysterious allusion to what could be coming in the next few days.
twitter.com/MalcolmL...s/931521977839505408
Following up on this, Da Hongfei (founder of NEO and CEO of Onchain) spoke at an event hosted by Onchain describing the future of blockchain technology and the future of building trust with markets doing so. During his speech, he delivered on describing an entire SmartContract ecosystem by partnering with ONT and describing how China is in an opportune moment to change the world.
A few hours later, this news feed popped up with the assumption that all NEO believers saw in that conference, and it truly makes you wonder...
rmbtheory.com/china-allowing-icos-neo/
Will China truly allow ICO's again? And if so, could NEO be the one vector through which all future ICO's have to go through?
The event at Swissnex China on Nov 21 Beijing Time may tell the tale.
I am not offering trade advice nor do I recommend you trade based on my predictions and evidence put forth by the community. All trades made on your behalf are exactly that, on your behalf and under your own control.
Good luck and happy trading :-)
I encourage you to hodl to the best of your abilities and wait. NEO has been breaking news left and right recently and with the upcoming news arriving ever closer, there is bound to be a leap in price and a jump in price action. Over the past few days alone, Trading volume for NEO has almost doubled. For the traders, set your sells ahead of time if necessary, but I would not pull out just yet. If anything, buy more as they have two possible announcements (their announcement as advertised and the Swissnex China event on the 21st of Nov.) upcoming.
Remember also that NEO has extremely sound fundamentals. And they do not hype their own coin. Their goal is long term value in NEO. So before pulling out due to FUD, remember that they may still have an ace up their sleeve...