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KPN to Host NEO Consensus Node: Trade

  • Quick Update: KPN has been voted in as a NEO Mainnet Consensus Code
  • They were elected 2 days ago – with news only released 20 Mins ago.
  • This increases the decentralisation of NEO.


Moments ago, news was released on the wire that KPN, one of the largest dutch Telecom services have been voted in as a NEO Mainnet Consensus Node.

This will further encourage Decentralisation over the platform. The full article can be viewed here: 

What does that do for a NEO Trade

  • NEO has been in accumulation for the past 2 months, trading between several dollar points.
  • This mirrors the same trading pattern that occurred between October and December before it shot up all the way to highs of $190 from $25.
  • On All the higher time frames, support appears to have moved from $14 seen in August to $15.50. This area indicates a heavy level of buys below.
  • A dump on Higher time frames has been heavily rejected.
  • There has been increasing buy side support  – this is what stopped the dump.
  • On-Balance Volume – An indicator to show Market interest has increased heavily over the past 10 days.
  • Those planning Short-Term trades must watch out for a gap at $16.25 that needs to be filled.
  • The moving averages are currently acting as Resistance – The KPN news should be reflected in the market over the next 2 days causing NEO to trade above $20 by the Middle of the Week.

A short-term trade should enter a long from current levels with a stop loss at $15 and a take profit above $30, watching out for the $22.5 Level. 

A long-term Investor should enter an investment from between $15-16.50 with a take profit of over $100. 

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