Neo gained solidly so far. We've seen how strong NEO held while being strongly opressed by Bitcoin.
Now, new has double bearish daily crossover (marked on a chart), so along with Bitcoin, will sink from this instace.
Either open shorts or simply go to USD untill Bitcoin pressure is done (expecting Bitcoin drop to 9150$), therefore Neo should drop massivly and all of a sudden (as B does).
It also peaked on weekly on Stoch RSI and its on a weekly bearish cross right on the top.
Oversold.
Techical side along with RSI, STOCH RSI, MACD and MA and EMA's confirm bearish moomentum (temporarily), but imminently.
Drop levels should be :
1. Clearing your position now.
2. Rebuy NEO at 10.40$
3.Rebuy NEO on 10.30$
4.Rebuy NEO below 8$ and ride it to HH (20$+) previous high
Good luck and feel free to upvote an analysis if you find it useful or share your thoughts on it. Thanks for reading. Good luck guys.
Hey, it seems that you've nailed it (so far).
I sold some on the way up (until $16), and started to slowly buy some back a good way down, with my last buy being right on the 10.4x mark.
Could you elaborate on how you determined the 10.4 figure - given that your chart is against btc? (I might have some assumptions, but..)
Do your targets change at all given that neo seems to show unusual strength compared to many other alts (like ltc/eth/..)?
Thx