Hello, NEO analysis✅
Neo is a cryptocurrency and blockchain platform that was created in 2014 in China. It was originally known as Antshares, but was renamed Neo in 2017. As a blockchain platform, Neo offers tools for creating smart contracts and decentralized applications (DApps).
One of the main features of Neo is its centralized management model. Unlike other cryptocurrencies, Neo has a limited number (100 million) of coins and all of them were created before the project was launched. Owning Neo coins also gives the owner the right to participate in voting and decision-making related to the development of the platform.
Neo uses its own consensus algorithm called dBFT (Delegated Byzantine Fault Tolerance). This algorithm allows the Neo blockchain to achieve high performance and scalability.
Additionally, Neo offers its users the ability to create their own tokens on the platform, making it attractive to developers and entrepreneurs. Apart from this, Neo also has comparatively low fees and fast transactions.
Let's move on to those. analysis
1. Collected stops from the $6.5 zone
2. Fixed above $7
3. The delta shows the local strength of purchases.
What to expect and what positions to open?
If a Long structure is formed at the $7.4 mark, we will open Long positions
If we go lower to $6.7, and then it is fixed below the level. Then we will open short positions (again, when the correct structure is formed)
