Quick update on the NEO vs Bitcoin market.
Neo has performed very well against Bitcoin during the recent “crash” and as a long term Neo holder I couldn’t be more happy.
Looking at the chart we can see that some sellers are taking profits in the higher zones and we are experiencing a nice sideways movement.
This is typically what we see when markets correct before they move higher or lower.
Neo is moving in a nice channel at the moment and I would expect strong support for the near term at around 0.011 btc.
Resistance is currently between 0.013 btc and 0.015 btc.
Expect new highs should the bulls decide to buy up the resistance. Safe trades.