NEO possible correction target 95 ~ 85 (.618) Short

NEO / DollarBitfinex

Description

⋅ Jan 7, 2018 11:02 PM

NEO has failed to breach $110 for the third time, and the bearish divergence I mentioned before still persists.

In this context, it's likely to retest lower levels for support. Here are several:

@ around 95, we have the pitchfork, the weekly EMA, and the .786 level all meeting at the same point.
@ around 85, we have the .618 level and the mid-term trend line.

I personally don't think it'll go lower than that.

Comment

⋅ Jan 8, 2018 2:16 PM

about to reach 95. may still go a bit more, depending on the market overall

Comments

RaviNaik

⋅ Jan 7, 2018 11:07 PM

Having lots of ICOs On line, do you really think will it go for correction at this moment ???

DrJLT

⋅ Jan 7, 2018 11:08 PM

@RaviNaik, I don't know. If it falls, I buy more.

999Levin

⋅ Jan 7, 2018 11:06 PM

Bear trap