bluebeach2010
Short

Where is NEO price drop airbag ?

BITFINEX:NEOBTC   NEO / Bitcoin
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4H neo/btc chart shows candle currently testing support of the falling wedge pattern that is also inside downtrend channel . EMA7 & EMA20 had formed death cross on several candles previously. Considering the market condition and bitcoin prices movement. NEO most likely will gonna dip even further. Here's the possible support for bottom fishing. With no MA that able to support the fall, It's better to take account for bitcoin price manuevur when we want to buy this at it's support level .

Support Level :
- 0.006718
- Downtrend Support Channel (Possible Rebound)
- 0.006445 (Possible Rebound)
- 0.006018 (Possible Rebound)

Mid-term Target Price
- 0.007832
- 0.008525 ( 50% Retracement ATH )
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