The Trade
Neo is one of my favorite cryptocurrencies from the point of technology. I haven't traded it much since the big down turn but I am back in now as of early this morning.
Neo is breaking through the 10 day moving average now. The volume is low but the MACD is looking like it is bottoming out and hopefully will cross soon. I am looking for a move to the 50 day moving average which should take it up to the $67.00 level.
What is Neo (NEO)? (from Wikipedia)
NEO is a blockchain platform and cryptocurrency designed to build a scalable network of decentralized applications. The base asset of the NEO blockchain is the non divisible NEO token which generates GAS tokens that can be used to pay for transaction fees generated by applications on the network.NEO supports a wide variety of commonly used programming languages such as Javascript and C++ by using a customized version of Docker called neoVM that compiles the code into a secure executable environment.
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