Looking at the harmonics since all time high, Neo dropped 88% (.015 -> .007), gained 44% (.007 -> .01), dropped 50% (.01 -> .05), gained 33% (.05 -> .066) ...
Based on the fundamentals, (NEX coming soon, Red Pulse rebranding, etc, etc...) I see a 50% drop from .066 -> .033 and then reversal.
What do you think of NEO? Share your ideas below.
Based on the fundamentals, (NEX coming soon, Red Pulse rebranding, etc, etc...) I see a 50% drop from .066 -> .033 and then reversal.
What do you think of NEO? Share your ideas below.
Trade active:
I bought a position at .003281 BTC/ $21USDT. Target: $28USDT. Stop: 0.0028BTC, in which case we will try again at 0.002BTC.
Comment:
*Target $27. It's looking like Neo might go as low as $18USDT if it decides to bounce at this resistance level.
Comment:
I'm not using a stop for NEO or ETC, if it drops off I will hold or take the loss
Comment:
I didn't mean that. Gotta stick with the plan. Stop at .0028BTC, Target $27. Today sucked for NEO the RSI on the 1 hour is at around 11, which is incredible. There must have been a lot of people with stop orders around .0030-.0032. Is this Capitulation?
