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NEO-USDT pair on the daily chart.
After the crown dump, the coin is in an uptrend and in September, when it reached 25$, it corrected and formed a downtrend or a channel, whatever you prefer.
Now we see that the price broke through this pattern and now it is again moving towards the level of 25$.
This is the high of the last 2 years, and if we see this high renewed, we might expect a good reaction and continuation of the trend.
ATH of this coin is around $200, which is about 500% from last ATH, it doesn't mean that it will come to that level, but unlike other top altcoins, this one is "cheap" compared to its previous ATH.
Potential targets in an uptrend are $35.55, $85, $140, as such there are no volume levels clear blue sky overhead, and in this case will decide the price to the bitcoin pair, by which we will be guided.
On the weekly chart you can see that there was a realization at 25$, after the price corrected and returned to the level, it looks optimistic as well.
On the 4 hour chart of NEO-BTC the price has broken the downtrend and is moving in an uptrend channel, the first serious resistance zone is 850, and 1000-1100 sat.
Always use stop loss, and do not use trading leverage greater than x3.
A trader should always have tomorrow.
If this information is useful for you, please like and subscribe, so as not to miss anything.
NEO-USDT pair on the daily chart.
After the crown dump, the coin is in an uptrend and in September, when it reached 25$, it corrected and formed a downtrend or a channel, whatever you prefer.
Now we see that the price broke through this pattern and now it is again moving towards the level of 25$.
This is the high of the last 2 years, and if we see this high renewed, we might expect a good reaction and continuation of the trend.
ATH of this coin is around $200, which is about 500% from last ATH, it doesn't mean that it will come to that level, but unlike other top altcoins, this one is "cheap" compared to its previous ATH.
Potential targets in an uptrend are $35.55, $85, $140, as such there are no volume levels clear blue sky overhead, and in this case will decide the price to the bitcoin pair, by which we will be guided.
On the weekly chart you can see that there was a realization at 25$, after the price corrected and returned to the level, it looks optimistic as well.
On the 4 hour chart of NEO-BTC the price has broken the downtrend and is moving in an uptrend channel, the first serious resistance zone is 850, and 1000-1100 sat.
Always use stop loss, and do not use trading leverage greater than x3.
A trader should always have tomorrow.
If this information is useful for you, please like and subscribe, so as not to miss anything.
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#NEO +200% from triangle breakout, +450% from first entry point
