}
Hey friend, hope you are well and welcome to new update on NEO coin.
Launch of NEO 3.0 Mainnet:
This is the month when the NEO 3.0 Mainnet launch is expected it can be on 31th or earlier. Below is the reply to a tweet by the founder of NEO:
https://twitter.com/dahongfei/status/1265209425687527426?s=20
- dahongfei
The market cap is increased significantly, and if we take a look at the priceline then it is already up by more than 500% from the month of March.
Previous Shark move:
In the month of April, I shared an idea that produced more than 500% rally.
Previous shark move before execution:
Previous shark move after 500% rally:
Click here to visit this old article
Previous BAT move:
After that, the price action formed another BAT pattern, that I shared with you in Jun 2020, and this idea produced more than a 171% rally.
Previous BAT move before execution:
Previous BAT move after 171% rally:
Click here to visit this old article
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Current bullish reversal move:
Now again the priceline ha formed another bullish reversal move. This time we also have a mainnet launch news at the support of this bullish reversal pattern, therefore, it may trigger a bigger rally.
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Strong supports of moving averages:
On the long-term weekly chart the price action is having good supports of exponential moving averages 10 and 21 and simple moving average 25 as well.
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Conclusion:
Even though the charts and the overall situation is very positive in favor of bullish move, but we should use 25 SMA on weekly chart as stop-loss because, if it will be broken down then price line may turn more bearish to complete the harmonic move in long term.