Neo had good news lately. Tons of new ICOs announced they will use the NEO platform to run.
Let me throw some names here: ElastOS, Ontology, NEX, Stokit, Qlink, TheKey, DeepBrain, AlphaCat, PeerAtlas, Universal Health ..
I don't know too much about these new projects, myself I'm watching THEKEY and NEX, but it shows the adoption of NEO is increasing.
Doing ICOs is what made ETH big. Money talks here, this is a real financial use for a coin, and we're talking millions of dollars.
I trust NEO will have the same path.
Now December is coming, good things can happen especially in the first two weeks.
On the 4 hour NEOBTC chart, NEO developed a small range, price went sideways up and down.
This means usually, this can go up or it can go down, so we will need confirmations. :)
I believe it will go up. We already finished the bottoming pattern, so the new uptrend should develop.
because now BTC plays at 9000 USD, we might still see a drop on NEO, around 39k levels. Usually it goes there and comes back very quickly. that would be the best entry point for new buyers to build a position.
If you want to play it very safe, you need to wait for a confirmation above the range level to buy.
That is my view on NEO in December. If this will happen, we can start looking then at the bigger uptrend and define targets.
Thanks! If questions, let me know!
