NEO is under the 200 daily MA (red) and currently making a doji candlestick, which if it closes like this is indicative of a reversal.
As I keep saying the 200 daily MA is a critical level for these markets. Theoretically any buy underneath this level is a good buy that should pay for itself in time. However, once the price is underneath this average it can be difficult to break out. In the past, failure of BTC to break this level was seen as confirmation of the 2014 bear market for instance.
Both higher and lower targets are marked on the chart for breakout or retrace. Happy days!
As I keep saying the 200 daily MA is a critical level for these markets. Theoretically any buy underneath this level is a good buy that should pay for itself in time. However, once the price is underneath this average it can be difficult to break out. In the past, failure of BTC to break this level was seen as confirmation of the 2014 bear market for instance.
Both higher and lower targets are marked on the chart for breakout or retrace. Happy days!
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NEOUSD now at 200 daily MA
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