blakeren

NEO Buy Zone

Long
BITTREX:NEOBTC   Neo / Bitcoin
NEO looks to be a great buy at the moment at around 540k sats. A few days ago we saw the A-B-C reversal pattern, indicating that we may have found the bottom of this down trend. This was confirmed with the next low being higher than the previous. It tried to breakout right after the reversal pattern but failed to do so, returning to create an ascending support line. This to me indicates that there is buying pressure there. As the price continues to climb, we will look for it to break major resistance, potentially indicating the start of a new bull trend. If it's anything like the last bull trend we can expect some large profit. If price dips below support, and then 440k sats, we could still expect some more blood. Profits can be found around the 0.008 mark

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