LaszloHuiber
Short

Will NEO respect my resistance line? I think it will.

BITTREX:NEOBTC   Neo / Bitcoin
My dear followers and readers.

So here we are, NEO got pumped from last weekend until today. You could have made some nice profits. This was the bounce that I've been talking about in my previous chart. From here on I see a decline towards lower levels even though NEO went towards full decentralisation. I just don't see NEO going through the red cloud for now at least, there is a major resistance over there. But if BTC decides to go loco coco levels, then yeah, it will blast through!

I'm a big fan of NEO, but patience is key, we're still aiming for lower prices to jump in again.

Also remember, traders will take their profits sooner or later. The upper resistance line is from january, so it's not an easy resistance to break.

Oke Cocojambo's and Cocopups, check ya later;)

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