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InvestingScope
Nov 20, 2018 7:54 AM

NEOUSD: Near the long term bearish target. Potential for -50%. Short

NEO / DollarBitfinex

Description

The coin eventually broke the 13.55 1W Support hitting that medium term target and is now close to our 8.78. 1W eventually developed a Channel Down (RSI = 31.809, MACD = -12.044, Highs/Lows = -6.4159, B/BP = -12.9319), which despite being oversold can even extend to a 3.80 Lower Low as part of the bearish cycle completion. We will update near the end of the year if we start the accumulation process, as this target will complete our shorting strategy of the past 10 months.





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Comments and likes are greatly appreciated.
Comments
PrinceElliott
Nice chart again thanks. Alts are creating a huge opportunity for those who is waiting in usd or usdt.
Talu
what do you mean by "accumulation process" ?
timn91
@Talu, when they start buying NEO.
InvestingScope
@Talu, Yes it is when we will reverse to BOED.
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