NEO ... please come back to life.
I used to love this coin ... I still do, really. But it's like a relative who keeps promising to pay back a loan and never does.
I've longed it SOOOO many times on bounces, to see other coins outperform NEO.
I do remember the time when NEO was "this" close to taking over LTC. It got within a few hairs of displacing it. Then litepay came along and opened up a $100 price gap. That dropped to a $50 to $60 price gap once the litepay fiasco came to light ... but there it is.
So what gives? On all the bounces, it just hasn't come back with strength.
I've heard NEO is a favorite in China ... and perhaps it's lost it's support. I'd love if anyone can elaborate further on this.
However, let me stick to the TA.
There's enormous support for NEO in the $22 to $32 range ... and we are in it.
Unless this coin is dead ... as in there's a fatal flaw and it's going to $0 ... this has to be a great buy opportunity. But I am concerned, based on previous history, it might be one of those coins that you buy and hold for a long time before we get that insane rally to ... could you imagine $200 again ... okay, I'm not going to get ahead of myself ... but look at the chart ... there's got to be some serious upside potential.
I'd be prepared to set buys in staggered from $22 to $29 ... but the strategy would be a longer term hold.
Remember only a fool relies on one potential outcome.
Do not use this information for investment/financial decisions. For educational purposes only.
I used to love this coin ... I still do, really. But it's like a relative who keeps promising to pay back a loan and never does.
I've longed it SOOOO many times on bounces, to see other coins outperform NEO.
I do remember the time when NEO was "this" close to taking over LTC. It got within a few hairs of displacing it. Then litepay came along and opened up a $100 price gap. That dropped to a $50 to $60 price gap once the litepay fiasco came to light ... but there it is.
So what gives? On all the bounces, it just hasn't come back with strength.
I've heard NEO is a favorite in China ... and perhaps it's lost it's support. I'd love if anyone can elaborate further on this.
However, let me stick to the TA.
There's enormous support for NEO in the $22 to $32 range ... and we are in it.
Unless this coin is dead ... as in there's a fatal flaw and it's going to $0 ... this has to be a great buy opportunity. But I am concerned, based on previous history, it might be one of those coins that you buy and hold for a long time before we get that insane rally to ... could you imagine $200 again ... okay, I'm not going to get ahead of myself ... but look at the chart ... there's got to be some serious upside potential.
I'd be prepared to set buys in staggered from $22 to $29 ... but the strategy would be a longer term hold.
Remember only a fool relies on one potential outcome.
Do not use this information for investment/financial decisions. For educational purposes only.