Nice setup for $NEOUSD in February
Overall, the bearish case looks weak with a few divergences that had already happened in the past few weeks on the way down.
The support build-up sits at EMA-50 and EMA-200.
Buy orders should be placed around the $10 mark with tight stop losses around $9.5 for both targets.
The first target...
Monfex is at your service and today we overview NEO/USD .
There is a big bearish divergence that can pull the price to the red horizontal support line.
But there are also two bullish divergences, which are stronger with this trend movement.
Watch our previous signals by NEO/USD and NEO/BTC below!
The support zone ~ $10.36
TIME TO UPDATE WHATS HAPPENING WITH CURRENT POSITIONS.
BITCOIN IS BEING PUMPED AND DUMPED CONTINUOUSLY MEANING THAT COINS WILL GO BACK TO PREVIOUS LEVELS AND SOME OF THEM WILL BE DUMPED AS PEOPLE DONT KNOW WHAT TO DO.
NEO IS WORKING IN THE REGION PREVIOUSLY EXPLAINED BEFORE MARK AS ACCUMULATION.
NOTHING TO WORRY ABOUT THIS IS SOMETHING THAT I HAVE SEEN MANY...