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This Altcoin Expected to ‘Take Flight’ as Binance Futures Launches Perpetual Contract

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This Altcoin Expected to ‘Take Flight’ as Binance Futures Launches Perpetual Contract
By AnTy- February 17, 2020
This Altcoin Expected to 'Take Flight' as Binance Futures Launches Perpetual Contract
Binance Futures launching the NEO/USDT perpetual contracts with a leverage of up to 50x
The Chinese Ethereum would be on fire if it flips support
The latest coin to be added to leading cryptocurrency exchange Binance Futures is NEO. Over the weekend, the exchange announced the launch of NEO/USDT perpetual contracts with a leverage of up to 50x. The trading for the pair will be opened on 2020/02/17 08:00 AM (UTC).


CZ Binance ???

@cz_binance
Marching forward https://twitter.com/binance/status/1228967827652014080

Binance

@binance
#Binance Futures Will Launch @NEO_Blockchain $NEO/USDT Perpetual Contract With Up to 50x Leveragehttps://www.binance.com/en/support/articles/360039470132 …

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10:59 AM - Feb 16, 2020
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NEO blockchain project aims to build a comprehensive “smart economy” by incorporating smart contracts, digital assets, and digital identities. Founded in 2014 under the name AntShares, in 2017, the project rebranded itself as NEO which is known as the Chinese Ethereum.

Currently, the coin is in the red just like the majority of the crypto market. Down 8.38%, NEO has been trading at $14.08 at the time of writing. In 2020 so far, it recorded an increase of nearly 58% in its price.

NEO, however, is still down 93% down from its all-time high of $195.

A Sleeping Giant?
Meanwhile, experts are calling out for more gains ahead for the 19th largest cryptocurrency by market cap of $1.15 billion.


Mr. Backwards ®
@Coin_Shark
"What is this, a pump for ants?" $NEO

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4:10 PM - Feb 14, 2020
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A pullback in the digital asset’s price will definitely be a buy the dip opportunity, according to TraderXO who points out 0.618 fib as the level of interest. The trader said,

“NEO – IS IT A SLEEPING GIANT? CERTAINLY LOOKING FORWARD TO PICKING SOME UP ON SIGNIFICANT ENOUGH PULLBACK IF THE OPPORTUNITY ARISES. WILL BE FOLLOWING THIS CLOSELY FOR ANY SUBSTANTIAL ANNOUNCEMENTS IN 2020.”


 

₿lackbeard
@crypto_blkbeard
I'm just going to leave this here... $NEO

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6:26 PM - Feb 11, 2020
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“Chinese Ethereum” has just left the launch pad,” called out trader Scott Melker last week as NEO broke an inverse head and shoulder pattern after a long 10 months.

It is actually the trader’s “favorite” long term set up as price broke out of the massive pattern and is testing the horizontal resistance. The good thing is volume is rising daily which means the price is to follow.

“Flipping 1528 to support should set this on fire,” said Melker.


The Wolf Of All Streets

@scottmelker
$NEO / $BTC

Holy mother. Confirmed breakout of an inverse head and shoulders that has existed for almost 10 months. This should pull a 50% move up just on that pattern. Expecting to see NEO take flight.

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1:37 AM - Feb 13, 2020
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Trader Josh McGruff is of the same opinion who said,

“NEO BREAKS THIS RESISTANCE AND IT EASILY RUNS 50%. 4HR SHOWS A LOT OF POSITIVE VOLUMES. 1D JUST HAD A 200/50 GOLDEN CROSS ON THE EMA. IT'S READY TO RUN.”

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AnTy
AnTy
AnTy has been involved in the crypto space full-time for over a year now. Before his blockchain beginnings, he worked with the NGO, Doctor Without Borders as a fundraiser and since then exploring, reading, and creating for different industry segments.
   

 
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