Neo Buy Opportunity

BITTREX:NEOBTC   Neo / Bitcoin
The price is going to bounce from 0.003500 support level . RSI confirms price reversal. MACD histogram is going to support upward movement. If the price breaks the downtrend line, we'll get an additional signal confirming further upward movement. Pending orders for buy can be placed at 0.003850 level with stop orders at 0.003200 level. Profit targets are 0.004650 and 0.006000 resistance levels. The part of trade volume can be left for long run.
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Guess it was a bad trade :( I am surprised that NEO went down. Do you know the reason?
thanks for the analysis!
How do you keep doing all this analysis? It is great, love your passion for the markets DLavrov!
Trend lines are generally placed up after the fact and, depending on which candle one decides to use, then the whole scenario changes.

If, (for example) the Oct 11th, 3AM candle is used at the bottom end of the trend line, then Neo has already broken the down trend line and the graph follows the trend line on a more realistic (performance) level, - (a little above, a little bellow). One thing that "IS" a fact, is that Neo has been sitting at the station for several months now. (Late August - to date). It would need to go on a run of approx. 200+ % to regain ground that it's lost to many of the other alts.

Market cap is where it is because of the recent release of the reserve coins. (Market cap created from thin air). If not for that, it would rank a lot lower than it currently does. I've had Neo for quite some while (believe in the project), however, as of late, my enthusiasm has waned severely. I for one, won't be adding even if it goes on a run, seeing - each and every time it HAS made a move, it's magically pulled back to its more recent valuation of months prior.
really wanna what just happened with bitfinex exchange that the price crashed to 4$
bought some at $14 today :- D
+1 Reply
HeavySatoshi Judas_Goldrich
@Judas_Goldrich, which exchange did this happen on?
HeavySatoshi Judas_Goldrich
@Judas_Goldrich, which exchange did this happen on!? wow so lucky to get in
Neo just went all the way down to 4 dollars lol.
+2 Reply
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