dsgorthy
Short

NEO vs GAS Trend Reversal. End of a Bull Run?

BINANCE:NEOBTC   NEO / Bitcoin
I've been seeing a lot of signs of a trend reversal with both BINANCE:NEOBTC and BINANCE:GASBTC . As is shown in the comparison, they largely follow each other, with BINANCE:GASBTC being more sensitive to a reversal than BINANCE:NEOBTC . In the short-term, we've exited our ascending channel as both trends flattened out. I'm not ready to exit my positions yet, but if we continue with the flat trend that we've been seeing, I predict we'll see both coins lose ground as COINBASE:BTCUSD makes a run. If you're holding long-term, this isn't necessarily a huge signal to sell. If you are looking to close out positions to avoid losses, consider following my trading pattern.

Both of these coins may, and will likely, make another run in the future. I'd like to hear your thoughts on BINANCE:NEOBTC and BINANCE:GASBTC , especially if you're trading/looking to trade! Please comment below, as the more input we see, the more informed we are!

*** This is not a recommendation to buy or sell, this is for educational purposes only! ***
Comment: As BTC makes its run, I anticipate NEO and GAS to take a hit. Closing out positions in the short-term because the current price has fallen below the long-term moving average. Will hop back in after BTC settles down and NEO/GAS price crosses long-term MA with strong volume and RSI

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