NEO is in the same situation than in the previous wave, fail the falling wedge pattern, bellow the mean and the 50SMA, bullish divergence on the MACD, FUD with China...
BUT, it has been proven by the past that it was the best time to get in !
It is currently PUMPING due to the recent news on the approval by the FMA in the Liechtenstein of an ICO coming out in a week, I'm talking of course about NEX, the first regulated security token in history! (and I'm on the token sale :) )
This is HUGE, and it shows the level of professionnalisme that can be deployed in the NEO ecosystem.
Overall it's all good, and I'm closing my short position now.
BUT, it has been proven by the past that it was the best time to get in !
It is currently PUMPING due to the recent news on the approval by the FMA in the Liechtenstein of an ICO coming out in a week, I'm talking of course about NEX, the first regulated security token in history! (and I'm on the token sale :) )
This is HUGE, and it shows the level of professionnalisme that can be deployed in the NEO ecosystem.
Overall it's all good, and I'm closing my short position now.