Rule of thumb for jumping down trend line is that it must go back and stomp on the line. By this it guarantee that it will not go back down there again.
Neo tested the red trend, orange trend, blue trend, but he did not cleanly pass the baby blue trend and couldn't stomp on top of it. Now Neo is punished and he must stomp on top of the purple trend. The white resistance line is not going to save him for long, it didn't succeed in the previous 2 times.
That said, I'm not selling a penny of this coin will get more during the dip. Do your own research, NEO is absolutely the best altcoin now. I will never compare any crypto to BITCOIN. There is no "The Next Bitcoin". Bitcoin is and always "THE FIRST ONE".
Have Fun.
Neo tested the red trend, orange trend, blue trend, but he did not cleanly pass the baby blue trend and couldn't stomp on top of it. Now Neo is punished and he must stomp on top of the purple trend. The white resistance line is not going to save him for long, it didn't succeed in the previous 2 times.
That said, I'm not selling a penny of this coin will get more during the dip. Do your own research, NEO is absolutely the best altcoin now. I will never compare any crypto to BITCOIN. There is no "The Next Bitcoin". Bitcoin is and always "THE FIRST ONE".
Have Fun.
Comment:
Forgot to add that the FAT LIME LINE is the "true" value and progression of the coin. Price gravitate back to it when it fall below or grown above it. So at the moment, NEO is undervalued.