Good afternoon steemians.
This afternoon we analyze NEO, at the moment it has a value in usd of 50, it was one of the crypto that was best sustained in the fall of the market, at this moment it is in the terte part of its maximum value aprox 200 usd, what the It's very interesting
When we see the 4 hour chart, we see that we are near a main support of 43 usd. It is still within our bearish triangle.
By looking at the indicators the stochastic is close to level 30 and the rsi is at an intermediate level, an interesting option would be to expect it to test the level 43 usd and the sthocastic and rsi to be below 30.
For now it's all friends later I'll be sharing my analyzes and market insights, cryptos, icos and more.
I say goodbye thank you for your attention, have an excellent week.
Legal Disclaimer: All my analysis are just showing possibile scenarios and not predicting the future. Technical analysys gives wrong signals very often and it just give clues to reason on the future development of a financial product. The price move often in a unpredictable way. Never invest basing only on my predictions which can be wrong and always use a correct money management. I do it for personal interest for free, I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind.