Hello Crypto Friends. The past few weeks have been brutal if you have been long in any position or just HODLing your favorite coins waiting for the reversal. Seems like BTC has continued to drop and taking the whole market down with it. With that said, let's take a look at one of our favorite coins, NEOUSD.
If you have been following our NEOUSD charts we posted (March 6th & March 8th), they have been right on target. We didn't want to break down out of the green trendline we drew on the charts and we ended up doing so while forming a bearish flag in the process. Below we have the levels we called NEO could possibly hit if the green trendline was broken and so far we have reach 2/3 targets.
If Green Trendline is broken, these were our target calls:
$70 - Reached March 15
$64 - Reached March 17
$41 - Next???
On a good note, we did a small break in down trendline drawn in red which has been very resistant since the end of February. MACD could be stronger, but there was a fair amount of positive volume. We would like to see NEO stay out and above the red downtrend channel and start making it's way back to the $70 resistance level. This scenario is still unlikely, but anything is possible. If you're holding NEO or Long, at least you're getting GASUSD if you have your NEO in the appropriate exchange or wallet.
We'll still be keeping a close eye on NEO. Hit us up with a Thumbs up on our charts and feel free to follow us. We'll keep you posted.
Cheers!
If you have been following our NEOUSD charts we posted (March 6th & March 8th), they have been right on target. We didn't want to break down out of the green trendline we drew on the charts and we ended up doing so while forming a bearish flag in the process. Below we have the levels we called NEO could possibly hit if the green trendline was broken and so far we have reach 2/3 targets.
If Green Trendline is broken, these were our target calls:
$70 - Reached March 15
$64 - Reached March 17
$41 - Next???
On a good note, we did a small break in down trendline drawn in red which has been very resistant since the end of February. MACD could be stronger, but there was a fair amount of positive volume. We would like to see NEO stay out and above the red downtrend channel and start making it's way back to the $70 resistance level. This scenario is still unlikely, but anything is possible. If you're holding NEO or Long, at least you're getting GASUSD if you have your NEO in the appropriate exchange or wallet.
We'll still be keeping a close eye on NEO. Hit us up with a Thumbs up on our charts and feel free to follow us. We'll keep you posted.
Cheers!