NEO — the main Chinese “assassin Ethereum”. Last year the cryptocurrency has become one of the most profitable investments on the stock market. Now NEO is the fourteenth place on Coinmarketcap with a price of 18.7 per dollar. Cryptocurrency has good fundamental characteristics, but whether it will bring ever a good income to its investors? Three variants of the future price movement NEO published in NullTX.
Trader under the name BitcoinCompass argues that the cryptocurrency finally found the lower limit. NEO on the daily chart formed a clear double bottom. If the asset will remain above the current support level, before the bulls will open the way to resistance around $ 25.
Will update if NEO his record price until the end of this year? It all depends on the General condition of the stock market and growth of Bitcoin. While buyers are clearly not strong enough to throw the coin above the $ 160 one jump.
Have Coinkilavuz have an opinion about the future NEO — a complete failure. This provider recommends to accumulate funds to open a large short position with a target of 3.7 per dollar. Yes, till this level, NEO must fall in the near future.
According to the trader, shorts will be relevant only in the case if cryptocurrency fails to break through resistance around 21.2 per dollar. Forecast Coinkilavuz will fully enter into force after falling below the annual support level in the area of $ 10.
The zone of accumulation
All want to buy the crypt cheaper. If you bought Bitcoin in 2011, there is still a chance to earn a lot of money. So says Kryptowavetrader, the expert expects a new wave of the fall, which will move into a stage of accumulation in the range of $ 12.
It turns out that while NEO has not reached a stable price level, with which to start a new bullrun. This script is quite right to life, especially if Bitcoin continues to trade without any sudden price jumps.
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