Looking at the harmonics since all time high, Neo dropped 88% (.015 -> .007), gained 44% (.007 -> .01), dropped 50% (.01 -> .05), gained 33% (.05 -> .066) ...
Based on the fundamentals, (NEX coming soon, Red Pulse rebranding, etc, etc...) I see a 50% drop from .066 -> .033 and then reversal.
What do you think of NEO? Share your ideas below.
Based on the fundamentals, (NEX coming soon, Red Pulse rebranding, etc, etc...) I see a 50% drop from .066 -> .033 and then reversal.
What do you think of NEO? Share your ideas below.
Trade active
I bought a position at .003281 BTC/ $21USDT. Target: $28USDT. Stop: 0.0028BTC, in which case we will try again at 0.002BTC.Note
*Target $27. It's looking like Neo might go as low as $18USDT if it decides to bounce at this resistance level.Note
I'm not using a stop for NEO or ETC, if it drops off I will hold or take the lossNote
I didn't mean that. Gotta stick with the plan. Stop at .0028BTC, Target $27. Today sucked for NEO the RSI on the 1 hour is at around 11, which is incredible. There must have been a lot of people with stop orders around .0030-.0032. Is this Capitulation? 
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.