NEO's price once again interacts with the critical level represented by the horizontal line. This level is as critical as it gets with ~10 interaction points.
We should think long unless we have a daily close below this support level. Buy the support, sell resistance. Don't get too creative.
RSI is approaching support level as well, that is previous lows.
The critical level is in confluence with the .618 ext of wave A-B of Y (Blue line)
Ramble: Compared to most other alts, NEO priced dropped a substantial amount during this bear run.
% gain wise, it should outperform other alts in the medium term should a bull run begin.
Good luck, I am long at $32. If the bears start attacking again and we close below the support line, I will close and wait.
We should think long unless we have a daily close below this support level. Buy the support, sell resistance. Don't get too creative.
RSI is approaching support level as well, that is previous lows.
The critical level is in confluence with the .618 ext of wave A-B of Y (Blue line)
Ramble: Compared to most other alts, NEO priced dropped a substantial amount during this bear run.
% gain wise, it should outperform other alts in the medium term should a bull run begin.
Good luck, I am long at $32. If the bears start attacking again and we close below the support line, I will close and wait.