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NEO closing triangle formationHi guys here few thoughts about NEO. Its closing in a triangle formation, and it tested main black downtrend line that has holded for now. Now we have upside objectives here as we touched support here, I think that we shoud break upside if BTC manage to hold 10k-11k, and we have plenty of space for nice profit aal the way to 20$ If we brake triangle downside you shoud be stopped at that line and reenter somewhere at 9.7$ i f it hold if not at 8.4$ Stay careful and good profit will come! Thanks for all likes and comments and following, much appreciated.
BITFINEX:NEOUSDLong
by pimpcrypto
Somebody poke NEO, is it still alive? Heya All, While BTC is taking a week-end rest I have the inclination to proceed and revisit some of my favourite shitcoins and NEO is definitely one of them. This coin and platform has all that is needed for a solid DAPPs coin and in many ways fundamentals of NEO stood head and shoulders above ETH, Stelar, Cosmos and other similar DAPP platforms yet it took more beating and more damage than any of these. Needless to say, NEO community internationally was and perhaps still is one of the strongest. Citi of Zion, despite somewhat corrupt structure, is still a much better governance system than any of the similar platforms offered. At this point, the question still begs to be asked, what happened with NEO? Apart from nearly 2-year long bear market what has resulted in a collapse of the Da Hong Fei's empire? - I am not a NEO Expert, but I will try to elaborate on some of the shortcomings of the projects and reasons why it was not able to gain traction even after announcing the NEO 3.0 version upgrade. Here they are: - Not being able to develop a strong report with the Chinese government ( with any other Gov for that matter). - Not being able to establish a simple yet elegant use case on GOV or major business level. (For example, collaborations with Alipay or Wechat would have catapulted NEO to a whole new level. Similarly, it would have been beneficial to deploy notarial, public, business and land registry services on NEO for any of the countries where they have a prominent presence). On a positive note, I think NEO still has a fighting chance and will rise again if the management team will ramp up international efforts, Will resume to be more proactive when engaging the international community and when supporting promising projects on the platforms. And yes, for now, NEO is bearly breathing and it is 200K short away from total collapse. Several factors that accompany NEO's current situation are the following: 1. Low liquidity - No one with the mother is trading this asset. There are small movements on Finex but all of it looks like a bunch of liquidations and some in-house market making to keep the price level afloat. 2. Price action looks like swiss cheese - There are so many gaps in the price action on lower timeframes that I suspect that no one trades this asset at their own will. 3. Possibility to short neo to kingdom come - It looks like the whole asset can be short to 8$ level and beyond with just 200 K account and a couple of smart traders. 4. 30 Days from the golden cross to the death cross - Currently neo is under the death cross. Lat death cross ended about a month ago and current one took a change of the price action quite recently. There is more mad news, the 50EMA-200 SMA death cross is about to take place soon, which again might send NEO to lower price targets. If I had a position in this Asset, I would close my shorts now, liquidate my holdings and would move my positions to BTC. Will NEO rise again? -Perhaps... Soon? -Nobody knows! Happy trading and stay safe! Archie
BITFINEX:NEOUSDShort
by akublashvili
NEO Struggles to Clear ResistanceNEO finds it difficult to clear the 20-day EMA. Also, it bounced back from the 23.6 Fibonacci level at $12.35 for several times. RSI is in the middle, testing the resistance line. The only support left is the uptrend line, which price tested numerous time before. It is a very important support for the bulls. If it is broken, it will trigger many stop losses by the bulls to cover their positions, which could drag NEO to $8.50 level. Traders should keep NEO above the uptrend line and then push the price above the 20-day EMA to resume the uptrend. Traders should watch out the uptrend line more carefully in the few coming days. They can open fresh positions on a breakout of the 20-day EMA.
BITFINEX:NEOUSD
by hroob
2
NEOGAS, a speculative asset with a towering rewardThis serves as a supplement for: NEOGAS, a speculative asset with a towering reward: risk profile Just a follow up on one of my favourite assets NEOGAS. If you are intrigued by the argument below give us a like/follow! (CREDIT to Darky999) A few of us in this sub have been discussing /arguing/debating about the NEO vs GAS price. It's been a great set of discussions, and I've been deliberately antagonistic to others in order to really get a passionate debate flowing. And we certainly did that! It meant I was able to hear so many different opinions, and also to test ideas and theories. This culminated in me building a fairly large Excel model to tackle this question I reproduced the 'schedule' of NEO generating GAS - it matches the White Paper's exactly, and I modelled all sorts of scenarios over the next 20-30 years (see below for why). EDIT: HERE IS LINK THAT GIVES ACCESS TO THE GOOGLE SPREADSHEET: www.reddit.com I want to share some insights from that exercise, as the model itself is not the point here, it's what you learn from building it, and the dependencies that you observe that you simply cannot observe by just using words alone. You really cannot just say things and begin to understand the subtleties of the NEO/GAS dynamics, believe me, it's much more nuanced that you think. There is no way to model the NEO vs GAS price - let's just be clear on this, right now 99.9% of it is simply speculation. Just like ETH is speculation, hey Crypto is ALL speculation right now. However, if GAS is worth significantly less than NEO then NEO starts to be worthless and less itself, simply because it generates GAS - and it has actual value due to this GAS. ------------------------------------------------------------------------- The thread goes on. I recommend you have a read.
BITFINEX:NEOUSDLong
by warrenhochfeld