NEOUSD appears to be showing a steady downtrend in price movement. The current chart shows a 4hr time frame with price action held within the downward channel. Over the course of this chart the price tends to approach the Fibonacci levels, hover momentarily with poor volume trading (due to current FUD), before dropping to the next Fibonacci level. Currently the...
Plenty of hype surrounding this coin that is yet to describe a code/node/blockchain product. Justin Sun seems to want to concentrate on marketing and creating hype before delivering any real product. Price movements and trends would indicate a potentially bullish outlook for now.
Chart described:
Blue curve - early slingshot to drive pricing into the downward...
