NEOS coin is green, while everyone else is in red, why?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 0.60% 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.
One of the few coins today that stay in the green, while all markets are in the red correction phase.
Latest news: everybody is awaiting the release of v3 beta version, which should be released soon, according to rumors.
Technicals
NEOSBTC price locates rather low regarding its past highs but is drawing turnaround pattern from the beginning of April. The coin has formed a Bullish Trend Line and holds to it. 0.0004 level is standing in the way of the bullish trend, the level which coin did not manage to break through two weeks ago and went into correctional movement. Nonetheless, the price picked up from the Bullish Trend Line and soon to be testing this level again. Break above the 0.0004 resistance will lead the price to the 0.00045 level which lies near to the 100-day EMA. A breakthrough above those levels will be certain uptrend signs. Movement below the 0.000333 level will dismiss the turnaround scenario.
Neoscoin
NEOS - Moon possibilityIf NEOS break the black line, will go to Green resistance..
Break? Moooooooooooon!
Possible big moves coming for NeoscoinNEOSBTC
Neos V3 launch is on the roadmap for 2018 and beta testing has already begun. Interest in this coin is likely to be high in 2018.
If the pattern repeats and we continue the trend we can expect another run up to the 2.618 fib. Get in below the 0.5 (or the 0.382 if you're feeling lucky) if we drop down out of the equilibrium pattern we're currently in.
neos.sh
NEOS not NEO NEOS is trading on Polo and Bittrex. They have been active on their project lately. I will make a short term position here.
NEWS Soon for NEOSThe NEOS's team twitted that a good news will be realised soon. the market already feels optimistic regarding this TOKENS, therefore, the price reaches all-time HIGH.
Neoscoin NEOSBTC - Large Cup & Handle. Pump & Dump? ProbablyPretty obvious Cup & Handle formation. Already broke above the neckline today and retraced - it's bouncing around right now.
Stochastic looks has some room to go up.
Volume doesn't really match the pattern, but this is a very low volume coin.
Target would be well above the ATH.
Listen...like I said this is a low volume coin so it's very prone to manipulation. It probably wouldn't take much for a small whale to paint that pattern. So this could be the setup for a massive pump & dump. Not that you can't make a ton of money in a pump & dump, but it can turn around on you before the panic fart even leaves your buttcheeks.
Just feel like I needed that disclaimer in there because I don't want to get anyone too excited and ruin their day/life.
Anyway...Watch for a breakout with some strong volume. This one is a total gamble, if it takes off don't get in too deep and make sure you SELL while it's still going strong.
Be safe!
