NEO price is resting on a strong support line at the moment with indecision shown on the latest day candle.
BTC price rally has depressed several altcoins and most of them are resting on very low support lines waiting for major movements.
Bullish scenario
We have a potential of 300% upside with several Take profit points as indicated by the fibonacci lines.
NEO has strong fundamentals in the asian market and is actively developing.
Indicators show bullish divergence and oversold conditions but the picture is not clear yet.
Trade with care.
Bearish Scenario
If we break this significant support we could see further retrace up to -80% of the current price (unlikely but possible)
Trade safe.
Tips are welcome
BTC: 372Yed5cnXoHN14a8sdwho7L5uYRxjYQYK
BTC price rally has depressed several altcoins and most of them are resting on very low support lines waiting for major movements.
Bullish scenario
We have a potential of 300% upside with several Take profit points as indicated by the fibonacci lines.
NEO has strong fundamentals in the asian market and is actively developing.
Indicators show bullish divergence and oversold conditions but the picture is not clear yet.
Trade with care.
Bearish Scenario
If we break this significant support we could see further retrace up to -80% of the current price (unlikely but possible)
Trade safe.
Tips are welcome
BTC: 372Yed5cnXoHN14a8sdwho7L5uYRxjYQYK
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