It's important in times like this, when the bears and bulls fight it out for temporary control, to take a step back from it all and analyse where your long term portfolio is going.
What you see here is what's known as the first sell off of a much greater movement with a strong bullish trend line and bullish divergence on a large time frame (by crypto standards)....
$XMR looks like it's setting up for a long position.
Falling wedge with matching volume.
I expect it to hit the top of 4HR Ichi Cloud but will be keeping a close eye on it and taking profit along the way.
WAIT FOR CONFIRMATION OF MOVEMENT
NEO dropped below a massively bullish diagonal trend, which could also be reflective or a pre cursor to larger coins like Bitcoin and Ethereum. The bullish move by the market lately could be seen as a retest of strong resistance since broken and signal an even longer bearish market.
I noticed what could be a bull flag on the ETH chart when I was looking back at last years chart. What's happening now seems very similar to me and the support lines drawn do give some confluence to my assumption.