tripjscrypto

NEO - Crazy Spike Down - Today action???

BITTREX:NEOBTC   Neo / Bitcoin
271 1 6
NEO spiked all the ay to .0117.. last night only to return today back to a prior ALT time high from 2017 at .0140 region. Overall NEO looks to recover from yesterday's down turn. Will be watching the 4hr to see we get close above and confirmation of move to the upside.
Comment:

With blood in the streets I thought I would provide a little update on NEO. Right now I'm still in a holding pattern. Although NEO is down, its holding satoshi value right? Prior all time highs, prior to 1/29/18 was at .01396831 and we are currently at .0118..

To me this is still to high for an entry which to me indicates NEO is just waiting on the overall market to correct and then back to moving on up.

Day - we are still showing bullish overall with slow MA's trending bullish, the 36 & 200 day moving averages are well below price action, bull.

4hr - is moving toward the 200 and broke the 36 day. It looks like support just above the 200 MA at .01110454. We'll need to watch and see if we get a break below to single further moves to the 200MA.

3hr - 1hr - price action is bouncing on and under 200MA.

Until we get movement down below .01110454 or back up to ALT I'll be patiently waiting.
Nice overview!!
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