[NEOBTC](395%) Long NEO After New All-Time Low

NEO (NEO) Overview

What is NEO?

NEO is a non-profit community-driven blockchain project. It utilizes blockchain technology and digital identity to digitize assets and automate the management of digital assets using smart contracts. Using a distributed network, it aims to create a “Smart Economy”.

NEO was founded in 2014 and was open sourced on GitHub in June 2015. NEO believes that community development is its top priority. NEO has a huge developer community around the world, such as CoZ, NEL and NeoResearch, who continuously contribute to NEO development. Millions of community members are active on Reddit, Discord, Github and Twitter.


NEO (NEOBTC) Chart Analysis

I remember all the hype when NEO launched, huge project and lots of noise all around... Who would have thought that NEOBTC would hit a new low? Well it has, at least on Binance. Other big altcoins such as Cardano did not hit new lows, but this one is different, so let's see what the chart is telling us...

Let's start by looking at NEOBTC long term. Here you are going to be looking at the weekly chart, remember that the longer the time frame the stronger the signals.

The cryptocurrency market is very fast, highly volatile, that's the nature of the market, it represents our times, who we are... And remember that people these days have no attention span, so they need fast, action in order to remain engaged, and that's the reason why you see the volatility and crazy movement in these pairs.

So weekly is a very long time in cryptocurrency, the signals gotten from a weekly chart hold lots of value when it comes to trading... Ok, that's enough, let me show you the chart:

[NEOBTC](395%) Long NEO After New All-Time Low
Source: https://www.tradingview.com/x/qy08OzYN/

Let's take a look at it closer:

[NEOBTC](395%) Long NEO After New All-Time Low
Source: https://www.tradingview.com/x/OtuuonIY/


NEOBTC by Alan Masters Trades

Buy-in: 0.00100 - 0.00125


(1) 0.001670 -Reached 29-May, 16-June (+7.7%)
(2) 0.001780 -Reached 30-May, 17-June (+14%)
(3) 0.001845
(4) 0.001950
(5) 0.002130
(6) 0.002250
(7) 0.002410
(8) 0.002740

(1) 0.003100
(2) 0.003330
(3) 0.003680
(4) 0.004260
(5) 0.004680
(6) 0.005210
(7) 0.006740
(8) 0.007680

Profits potential: 395%
(Buy-in calculated at 0.001550)

Stop-loss: Close weekly below 0.00100.

Capital allocation: <10%.



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Forget about all the details...

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