Neo is an open-source, community-driven platform that is leveraging the intrinsic advantages of blockchain technology to realize the optimized digital world. It is often referred to as "Chinese Ethereum".
Scalability and throughput-
Transaction per second 1000
Block time- 15 seconds
NEOUSD showed a minor pullback today.
Any daily close above $20 confirms further bullishness.
NEOUSD showed a nice pullback after a long consolidation between $19.19 and $12.85 for the past four weeks. The pair holds above the short-term (21 and 55 EMA) and long-term moving average in the 4-hour chart. It hit a high of $17.94 and is currently trading around $17.58.
The bullish invalidation can happen if the pair closes below $6. On the lower side, the near-term support is $14. Any close below target $12/$9.85.
The pair's near-term resistance is around $20. Any breach above confirms minor bullishness. A jump to $23.25/$29.67 is possible. A surge past $30 will take it to $40.
It is good to buy on dips around $12.50 with SL around $6 for TP of $30.
