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Logicmn
Aug 14, 2017 8:51 PM

NEO To Retest .0107 Again Before Next Push 

Neo / BitcoinBittrex

Description

NEO
NEO has tested its 1.07m sats (.0107) support line twice now, and will be bouncing once more tonight before it begins it's third major push. It's possible that NEO will not retest support again, and will just continue up from the current price 1.17m sats (.0117). But due to NEOs odd pattern of making huge moves at around 3am EST every night, I think that's when we'll see the move. The next major support line rests at 600k sats (.006), and if NEO breaks support at .0107, we might see a serious dip before the next reversal (unlikely based on NEOs history).
BUY: .0108
SELL: .014 - .015
STOP-LOSS: .01 (possibly a little lower)
Comments
xtac4u22
I put my buy at .0101
synthius
watching closely...does support hold here at .1045?
xtac4u22
@synthius, dont buy as per my TA from the daily chart more low to come today .. 0.01 is major support
synthius
@xtac4u22, Did not buy. Waiting for next entry point.Not a big deal since BTC will not stop rising, money will grow with BTC over night. Really looking for an entry point on NEO since i like the trend and how the price action is playing out.
Logicmn
@synthius, Falling to .01 possibly, BTC rising so much is affecting the NEO-BTC pair so sometimes it's better to watch NEO-USD.
synthius
@Logicmn, Yes, i sold some of my existing shares at .0099. Will let the BTC appreciate over night and look for an entry point tomorrow morning. What do you think happens to Neo when BTC comes crashing down?? i have a feeling BTC will be retracing any moment now..
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