Aume27
Long

NEO correction call.

BITTREX:NEOBTC   Neo / Bitcoin
BITTREX:NEOBTC on Daily.
not sure of the follow up, but fundamentals ask for a correction in my opinion.

Technical analysis is pretty much confirming what the news ask

Fundamental sources:
pressure start with the atricle about decentralisation from |bitcoin.com in january
https://news.bitcoin.com/most-cryptocurr...
and now seen then we keep hearing about NEO decentralization problem

https://news.bitcoin.com/?s=neo

Even if at the moment it looks bearish , in the news and conferences we clearly see that Neo as a solution in mind.
That's what confirm the bounce at
main support trend line .

I would expect Neo to drop deeper if the project doesn't release a good solution before price break the 0.0059 last support trend line .
I'm not sure how the analiser judge if my idea is rong or right but for now It's pretty much follow my expectation we'lll see if EMA200 support line hold the price, it is a possibility.
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