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CryptoTrooper_
Oct 8, 2017 4:33 PM

$NEO.X: Sell-off; Head and Shoulders 

Description

Sell-off currently dragging the NEO/USD exchange rate close to $32. Head and shoulders clearly shown on the 4-hour. Expect continued bearish momentum if NEO crosses below the neckline around $30. In addition, the 12-day EMA on the MACD took a steep downturn alongside a massive red (sell) volume candle, and the RSI shedded over 15% of its previous momentum. Keep a close eye on #NEO.
Comments
Bloedrivier
Well done! Good Article seen now with hindsight... Keep it up! Lower trend-line has now become significant going forward. NEO is one of the ones!
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