Huobi x CoinMarketCal 👀A Coin To Keep An Eye On- NEO!

htxofficial
2 min readJan 19, 2021

🔹What is NEO?

Neo is an open-source, community-driven platform that is leveraging the intrinsic advantages of blockchain technology to realize the optimized digital world of the future.

$170 Welcome Bonus = Grab Your Bonus

📅Event: NEO 3.0 TestNet is coming in Q1 2021, MainNet will not be far behind per coinmarketcal.com.

Jan 17th 2021, 20:33:00 EST — 1Day Chart — NEO/ USDT!

📈Analysis

January saw a 91% spike in price into the resistance beginning near $26.147. This move swept September’s swing high, which might set the stage for retracement and reaccumulation.

The previous high and brief reaccumulation near $21.292 has so far provided support, making it a reasonable place for bulls to begin building positions.

A deeper drop to run stops and test the daily gap beginning at $18.524 is likely to meet support. This area has confluence with a monthly level and a consolidation zone.

Bulls could target the most recent swing high near $26.715. A break of this resistance zone is likely to reach near the old monthly high at $30.289.

Resistance near $32.156 could cause the price to pause. However, a break of this level is likely to proceed to resistance under the next monthly high, near $43.239.

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1. Trading in digital assets comes with high risks due to huge price fluctuations. Users should be fully aware of the risks associated with digital asset trading and make prudent trading decisions.

2. Huobi Global’s announcements and information do not constitute investment advice, and Huobi will not bear responsibility or provide compensation for direct or indirect losses arising from trading decisions whilst relying on this information.

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