NEO Price – 3 Short-term Predictions – 2018 Week 49 Edition

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It is a very difficult time for the altcoin industry, with little to no improvements in sight. As the year 2018 continues to grow more bearish, one has to wonder what will come next. For NEO, an altcoin which is still very popular but also a bit overlooked, the current short-term price trends do not look overly promising by any means. That doesn’t necessarily mean these traders are correct in their assumptions either. Further NEO Price Woes var tradingview_embed_options = {}; tradingview_embed_options.width = ‘720’; tradingview_embed_options.height = ‘480’; tradingview_embed_options.chart = ‘1TTTBbJ8’; new TradingView.chart(tradingview_embed_options); NEO: Failing to resist downtrend by LinasVycunas on TradingView.com Altcoins are mainly dependant on the Bitcoin price to establish their own value. If Bitcoin goes up, altcoins like NEO will often follow in kind. When the Bitcoin value drops, altcoins like NEO are also bleeding. As such, the chart outlined by LinasVycunas seemingly makes a lot of sense. NEO Is incapable of bucking the downtrend right now, and it remains rather unlikely that will come to change anytime soon. Based on this chart, it would appear the NEO price – which currently sits below $6 already – will continue to trickle down in value over the coming days and weeks. It is a bit unclear how long the value will go, though, as the key support level of $7.31 is well out of reach right now. If $6 can become a support level, things may start to look better. For now, unfortunately, that outcome seems very unlikely. Key Resistance…
Source: NEO Price – 3 Short-term Predictions – 2018 Week 49 Edition

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