Update on Neo. NEO-BTC on July 26, 2018

#NEO

As we mentioned on 21st of July, the market can go down, but globally it is ready to grow. Now we are close to the strong support and the bottom edge of the downtrend wedge, the possibility to get a bounce increases. If the support at 0.00380000  doesn’t hold the market pressure, NEO can have a negative development scenario for a short period of time. The breakout of a strong support at 0.00340000 can make the market test the December’s 2017 minimum near 0.00220000-0.00200000, from which the bounce will be formed with the further uptrend movement.