Industry news:
NEO Becomes the Frontrunner In Changing Perceptions For Cryptos Alt Heading
NEO may cross $18 by the end of the week to trade beyond and persistently
NEO's smart economy conversations resonate with the investors
NEO has been gaining worldwide acceptance as the future of the smart economy, and the acceptance level is increasing month on month. The crypto is capable of transforming mindsets and may attract good traction as the second half of the year unfolds. The support community is growing for this token, and the current market performance is also heading towards improvement consequently. NEO token may cross $20 target by the end of this month and head towards a bigger benchmark soon.
Trading recommendation:
BTC has been trading upwards in past 24 hours bit it found resistance at the level of $12.750. According to the intraday chart (15M), I found that there is strong down flush and broken bearish flag. My advice on the intraday prospective is to watch for selling opportunities as long as the BTC is trading below the $12.750.
Greren rectangle – Resistance 1 ($12.377)
Green rectangle- Resistance 2 ($12.425)
Yellow rectangles – Supports at $12.000, $11.716 and $11.505
Red lines – Bearish flag (broken)
Red line – Downward sloping trend line
I would watch for selling opportunities on the rallies, level of $12.377 looks like a solid sell zone. Downward targets are set at the price of $12.000, $11.716 and $11.505. RSI oscillator is showing flip down around 50 level, which is a decent down rotation. Any trading above the level of $12.750 may lead us to the $13.000 mark.
