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๐Ÿ“ˆ Daily TA: NEO/USD | 03-08-2021

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cryptospa
@cryptospa
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Hello, dear members of LeoFinance!

Today I want to share with you something important on the price chart of NEO.

In the daily chart (1D), NEO/USD has received support from the neckline of the Inverted Head & Shoulders and has rebounded: As can be seen from the chart, right now, NEO/USD is consolidating at the 360-day Moving Average (MA 360).

Since Inverted Head & Shoulders is a typical trend reversal pattern I think that it is highly probable that NEO/USD will resume the uptrend.

To be continued ...

As of the time of writing, one NEO costs $41.33 on the Binance crypto exchange, according to TradingView.

A few words about me:

Just to let you know: I've been working professionally as a currency analyst for the last 15 years, and as a cryptocurrency analyst for the last 4 years.

Important!

Keep in mind, that thoughts expressed here are my own, and they should not be regarded as recommendations for any cryptocurrency/commodity trades, investments and etc.

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