SHORT TERM (Next few days):
I believe we continue to drop to the mid $50 range. We should bounce a great length on the B wave due to 3 waves counted down. The and are both oversold, with great divergences on the . This analysis was very very easy to put together. Everything is straight forward. We eventually retrace to the .728 region before NEO really kicks off to $400.
I think we fail to breakout of this resistance. But we should target near the daily 55 .
I love NEO long-term, its gaining so freaking fast with proportional corrections that are still showing upside. NEO may be a top market cap coin that has the biggest gains of 2018.
Sorry, for being $2 off!! LOL. Uptrend is not confirmed yet, but This is still good entry. I will likely not be keeping track of this that much because I did not enter, focused on other coins for now. So let me know if you have questions!
NEO is seeing some parabolic growth here. Expecting a decline soon. I'd personally only enter a trade once this peak is broken AFTER a retrace. NEO is overbought on high time frames, so its looking sketchy. If the yellow support line breaks, then I would not recommend entering long until support is established around that lower limit.