No worries here... Correction then confirmed move .. Plenty of time to watch and get in before final blastoff..
As we discussed earlier... NEO is not waving the white flag 2018.. The battle between NEO & Ethereum will begin to show in 2018. It's the battle of the smart contracts.
Neo breaks out the symmetrical triangle, it would go down a little and test the support line of the triangle (pullback). Stay tuned
Neo has broken out above yellow resistance line in the last few days, in anticipation of conferences regarding it in the coming weeks & other positive news. Expecting a retrace back near the breakout area before continuing up and the ideal rebound point would be the green line. Alternatively you could trade the breakout of the falling wedge which has begun forming.
This my vision. I think that is bullish rectangle, but I can be wrong. Let's see
Interesting chart... Or I've lost my mind. I would appreciate input.
With possible rumor based Chinese news on the horizon, we should see a spike in buyer confidence today - If we do go up I will be setting a trailing stop for sure. Buy the rumor sell the news.
Just a couple of Ideas of where I think NEO is headed. Right now, I am trying to find the best entry for a big position into this coin. I personally hate Neo because it always tends to go against my Technical Analysis. Please feel free to express your thoughts and opinions on NEO.
Neo bounced 0,0045 several times. this time it can go to 0.004 let me know what you think about.
When the market situation has a bullish trend due to the desire to take a freebie (Free Bitcoin Gold), you need to choose the right strong coins, which have a good growth prospect. A good choice for the portfolio will be NEO, on the chart we see that RSI is already in the oversold zone and you can buy now, but it is also possible to roll back down more, but not...
Building up Long Position in NEO/BTC with potential ATH breakout.