Tecnica analysis NEO. NEO-BTC on October 20, 2018

October 22, 2018

#NEO 1d It now demonstrates good level for the start of the uptrend movement. The market has been following the downtrend for a long time, has found its support and went sideways. The last minimums work as a support, if we break it, the market will fall further most probably, but if we continue gaining the volume, the asset has good chances to touch the upper edge of the formed sideways channel. On the middle time perspective, we can consider 3000 level as the main target. As you can see on the 1d chart, the resistance of the long-term downtrend meets us further, if we break it, the correction will follow with the further growth. We can consider 5000 level as a long-term target.

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