NEOS first signs of reversal on the past lows
Coin of the day is NEOS
The NeosCoin is a decentralized, open source cryptocurrency. It was founded in August 2014 from a fork of Bitcoin. The main goal of NEOS team is to develop a blockchain based content platform, where users will be able to sell and buy original and not forged content. One of the side but not the least important advantages is the ability to generate anonymous transactions inside the NEOS network. Solving the problem of monetization and originality of content sounds promising, and if the company succeeds in completing what they have started, they will be able to take a good place in the future.
NEOSBTC showed one of the reversal patterns that could not be ignored today. The coin found a bottom on the 0.0003 level - lows of the 12.2017, from which the coin pushed before the last peak at the 0.00135 price. Jump in volumes indicated the big buy-in on these lows. Breakthrough of the Bearish Trend Lines (orange angle lines on the chart) will indicate the change in the downward trend. In case of the breakthrough, the next target will be at 03.2018 peaks at the 0.00045 price and then 100-days EMA.
The NeosCoin is a decentralized, open source cryptocurrency. It was founded in August 2014 from a fork of Bitcoin. The main goal of NEOS team is to develop a blockchain based content platform, where users will be able to sell and buy original and not forged content. One of the side but not the least important advantages is the ability to generate anonymous transactions inside the NEOS network. Solving the problem of monetization and originality of content sounds promising, and if the company succeeds in completing what they have started, they will be able to take a good place in the future.
NEOSBTC showed one of the reversal patterns that could not be ignored today. The coin found a bottom on the 0.0003 level - lows of the 12.2017, from which the coin pushed before the last peak at the 0.00135 price. Jump in volumes indicated the big buy-in on these lows. Breakthrough of the Bearish Trend Lines (orange angle lines on the chart) will indicate the change in the downward trend. In case of the breakthrough, the next target will be at 03.2018 peaks at the 0.00045 price and then 100-days EMA.
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