58 to 64 hours deciding point for NEO. Either accumulation and correction down to 0.0063-ish levels or breaking out to test for another support line at above 0.12-ish levels. I'm watching the CCI channel if there will be a strong buy spike or lowerish sell wave dips.
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Looks like scenario A - correction down to 0.0063-ish levels is brewing.
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I've set my sell targets at just below 0.13 with plan to re-buy back at 0.12. I also have a buy order in place for 0.0075 just in case it drops that back. And other than that not looking at NEO until BTC decides if it wants to go 5000 and then back to 3900 or not.
Most likely none of those scenarios.... stable between 101 and 104 imo. The correction is over mate, what kind of TA is this ? lol
cyberkristiyan
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@aardvark0, I'm relating NEO here to BTC with SegWit around the corner huge positions may be pulled out to push for a new all time high on BTC or liquidity from BTC flowing back into altcoins. IMO the correction isn't over until Bitcoin drama settles.
GMOMutation
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Just to let you know last nights pump was filled with spam orders? pushing the price up. No real volume. Just consolidation.
kdefay
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I'm watching the order sheet to see if they take down their giant sell walls that are the reason it can't go up. Drawing lines on a chart cannot change the fact that there are giant sell orders at .011, .012, .013, .014...
All of those are designed to keep the price from rising beyond the level that they want.
medicusnocte
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@kdefay, who are the players behind those sell walls and what is their motivation?
My opinion is that it's the NEO developers. Very few players will have enough NEO to create sell walls that large. Motivation? For that I can only speculate...My best guess is that they are trying to manage the rise of NEO to make it more attractive to ICOs. If they let the dog out of the cage and it shoots up like crazy, why would someone want to spend NEO on an ICO. It would be better to buy it and hold.
medicusnocte
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@kdefay, thank you! I am learning and it is all so fascinating.
GMOMutation
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@medicusnocte, I was watching it last night and tones of the same .25 neo orders flooded the buys and sells at times pushing the price up then I suppose he was dumping.