NEO (NEO) Analysis
In addition to automated chart patterns, altFINS’ analysts conduct technical chart analyses of top 30 cryptocurrencies. We call these Curated Charts and they evaluate 5 core principals of technical analysis: Trend, Momentum, Patterns, Volume, Support and Resistance.
NEO (NEO) technical analysis:
Trade setup: Following a bullish breakout from Descending Triangle, price broke above 200-day moving average, which confirmed a bullish trend reversal to an Uptrend. However, price got very overbought (RSI > 85) just it reached $15.75 resistance and pulled back on some profit taking. Pullback could be an attractive swing entry in Uptrend with upside potential back to $14.00 or ever $15.75. (set a price alert)
Trend: Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish ( MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance: Nearest Support Zone is $11.50 (previous resistance), then $9.00. The nearest Resistance Zone is $14.00, then $15.75.
See more curated charts of coins with technical analyses.
Recent news and research:
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What is NEO (NEO)?
Find full description and news on altFINS platform.
NEO aims to build a comprehensive “smart economy” by incorporating digital assets, digital identities, and smart contracts.
NEO, originally named Antshares and sometimes called the “Chinese Ethereum”, is China’s first open-source blockchain platform developed to facilitate the easy construction of a digital economy complete with digital identities, assets, contracts, and payments. Founders Da Hongfei and Erik Zhang aim to offer a more-easily scalable, versatile platform that supports a panoply of programming languages, which are compiled in a secure executable environment called NEO Virtual Machine (NeoVM). It aims to compete with Ethereum and other projects that position themselves as developer-friendly decentralized protocols to launch a strong foundation for a future digitized “smart” economy. It also aims to implement features like quantum-computing resistance and inter-chain operability for the most competitive a distributed “smart economy” network.
Supply Curve Details
NEO’s outstanding supply is fixed. The liquid supply increase displayed on the curve is the consequence of the vesting schedules detailed in the Launch section. Validators are incentivized through rewards in NEO GAS, NEO’s secondary token.
Asset profile is provided by messari. Original version can be found at Messari