NEO/BTC big deadcat or setting up for an EOS-like run ?
Looking at a 0.0110 target in the next few days. I really don't know what will happen after that, kind of an uncertain play.
Looking back on what happened last season this might be the big deadcat before a way bigger drop, or the start of a new bull cycle which might end up in an EOS-like run (new ATH 0.63% then crazy parabolic move).
NEO is usually very strong in alt season and pumps hard, there's probably also a lot of shorts right now at the big H&S distribution level (110 to 140) that would act as fuel for a new ATH 0.63% if we could get there.
Note that we are breaching daily cloud this time, which we did not (price got rejected at upper edge - using bittrex chart for that) when we had the big bounce after the august 2017 pump, which is pretty encouraging if we can hold above.
STOP = 0.00780 - 1st target : 0.0110 - 2nd target : 0.0140 to 150. After that = the moon.
Looking back on what happened last season this might be the big deadcat before a way bigger drop, or the start of a new bull cycle which might end up in an EOS-like run (new ATH 0.63% then crazy parabolic move).
NEO is usually very strong in alt season and pumps hard, there's probably also a lot of shorts right now at the big H&S distribution level (110 to 140) that would act as fuel for a new ATH 0.63% if we could get there.
Note that we are breaching daily cloud this time, which we did not (price got rejected at upper edge - using bittrex chart for that) when we had the big bounce after the august 2017 pump, which is pretty encouraging if we can hold above.
STOP = 0.00780 - 1st target : 0.0110 - 2nd target : 0.0140 to 150. After that = the moon.