TradingView
philocrypto
Oct 3, 2017 12:27 PM

NEO at trend line 

NEO / DollarBitfinex

Description

Good morning,

NEO has fallen to the trend line from the break up on September 25th. Watch for price action here; If the support holds I expect to see prices move back up to retest $37, if we have a candle close below the support I think there is a chance we could see prices fall to next support at $27.

As with all altcoins, watch Bitcoin to get the main trend of the market.
Comments
matthew.augello1
Nice chart
philocrypto
@Matthew.augello1, Thanks!
Brandon50115
Good looking chart, what is rsi ranging at?
philocrypto
@Brandon50115, Thanks,

RSI has fallen from 65 since yesterday and now sits in the middle of the road at 50.
Brandon50115
@philocrypto, That's a good sign of support on the bullish side of things! Nice
MuMPiTz
@Brandon50115,

so buying now wouldnt be a bad choice?
philocrypto
@MuMPiTz, It depends on your trading strategy. I think it looks like NEO has found support, but we will know more by the end of the day and after BTC shows its direction.
Brandon50115
@MuMPiTz, I'd wait until we see a daily close above previous high with a low higher than previous days low, on heavier volume. That's me.
MuMPiTz
@Brandon50115, @philocrypto

alright, thanks guys, happy to get advice, kinda new here :)
More