The NEO graph shows us a clear rising wedge, which is a typical bearish (reversal) pattern. We can also see that it has fallen back from a recent high to retest the trend channel's support line. In combination with a very bearish (daily) MACD (just see the highlighted death cross that just took place a couple of days before and that directly shifted the price...
This would be a great demonstration of the mirror image construction of this kind of correction wave. Buying at the dip would be a bit risky, I would wait for a solid breakout after that first.
Neo may be on the cusp of a breakout. I own both, but will add to NEO now and in purple. I think NEO hits $1000 at some point - either this year or next. And Ethereum hitting $5000, this year.
It looks bullish to keep on going up bouncing between the colored trend lines I am not an expert. This is for educational purpose only
We have $NEO crushing the EMA on the 1D, expect new yearly highs as the NEO blockchain looks to set the standard in 2018. With QLC, DBC, RPX leading the charge, APEX is soon to be available for crowdsale; all tokens within the NEO Blockchain are setting the standard on what cryptocurrency technology is capable of achieving. The chart trend here is bullish, but...
I was able to ride the last wave about 2 weeks ago. NEO looks like its going to go for another run. Any thoughts?
Hey Guys, We are forecasting an amazing buying point in new before it makes a run for the new ATH. We did see a small upward spike during the hyped RED Pulse ICO, following which it heavily crashed more than 15-20%. It's not advisable to have any open positions now and wait for it to be in the range (A), which will be the best buying opportunity. Happy Trading :)
BITTREX:NEOBTC This has been like Binge watching the Matrix Trilogy. So I said f**k it let me take a look. The ceilings are too hard and the chose one will not be ready for many gigs. While he waits in his ship being plugged into the matrix fighting the China laws in order to realize his true potential. The rest of Zion waits. It looks like it could catch us...
NEO / ETHEREUM Look at this zones. After great pump out of the triangle we will see the correction and the next target is supply zone.
NEO forming two text book triangle formations. Coupled with BTCs most recent pump ending, it could be NEO's turn. Possible triple bottom inside of smaller triangle as well. RSI is all but floored, looks good.