I don´t know how the hype will influence the TA, but i see it correcting pretty hard. I am not sure though if it will stop correcting at the 0.618 fib or going all the way to 0.786. Also BTC is on rampage and nobody knows how high it´ll go. Will affect alt-coin prices. Take care with entering a coin that has already pumped!
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so far working out nicely, just faster than i expected
You are absolutely right with beeing carefull. As i watch Neo its only going down because it is manipulated to. There was a top today. In a normal market it would have gone up and faster down. But it didn't. Its going down very slowly because a whale is pushing against the market. The whale is loosing. All those cheap Neos get bought by the market. I never have seen such a slow downtrend. It will jump immediatly after the manipulation ends. The whole altcoin market is red because of people buying Neo. Stratis is going down because Neo will replace it. Yes the altcoinmarket is also red because of Bitcoins strenght but Neo shooting up and doesn't care for Bitcoins strenght. These are just my thoughts and i was often wrong.
Thanks for your analyse.
avisajdibanks
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@Bearahead, Hi, thanks for your comment
I could see it making a double top though, before going down.