NEO/BTC
My tought on NEO is that this coin is going to dip the 47-54 area where we have a very strong VPVR and strong support.
When we analyze the trend, this one is actually very bearish. Investors EMA contracting with a bearish bias. Traders EMA
expanding downward and we can see potential bear flag morphing. There is a support in the 84 area but given the fact that
the VPVR is not that strong in this area and the fact that NEO is near is ATH, we are going to see a bigger correction to
that area.
When we analyze the trend, this one is actually very bearish. Investors EMA contracting with a bearish bias. Traders EMA
expanding downward and we can see potential bear flag morphing. There is a support in the 84 area but given the fact that
the VPVR is not that strong in this area and the fact that NEO is near is ATH, we are going to see a bigger correction to
that area.
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