ou can see in any broker that the price of NEO is falling at a dizzying speed. This is due to next factors:
- This climbing cycle is ending.
- Some people say it's due to a new ICO (Red Pulse) that has come out, and a lot of NEO has been sold.
- Others say it is caused by China (I did not see any news about it).
- ETH is coming down (the most platform vs BTC) and secondly it affects NEO.
Whatever the reason, no one can deny that the climb cycle is over, and with it a big crash.
In the graph I show up to where it will safely go down and the possible scenarios.
- The bullish trend line is NOT broken and we will have a phenomenal buying opportunity.
- The bullish trend line IS broken, but we still have strong support and the price is stabilized again. I bought NEO at 0.00711. It's just question of waiting for the pump.
- Bearish trend line wins and price goes back since it started. You are in the ruin next to me, if you know of any disabled bridge call me.