Long

NEO: Reversal at .033

Updated

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.

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.

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*Target $27. It's looking like Neo might go as low as 18USDT if it decides to bounce at this resistance level.

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I'm not using a stop for NEO or ETC, if it drops off I will hold or take the loss

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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?

mattkon

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