NEO had a big run up this week and it broke this downward trendlijn. (red line) After that it retraced back and now resistance becomes support on the NEO/BTC chart! This can go along way up but next resistance can ben the yellow line.
I am looking to add some more USD to my position but i will wait for a good retracement from this last pump. I will buy if price is in the blue box.
I suspect NEO will have another leg down against the US dollar and I will buy between the 1.272 and 1.618 Fibonacci lines.
Good luck trading and please give me a upvote if this is helpful !!!
I use Coinigy as my charting and trading tool. You can try it out 1 month for free at this link.
Thank You @BobCoupe for this post and upvoting my comment to EricVanceWalton yesterday...
Your analysis looks to be very good and I own NEO, so please continue...
UpVoted & I'm following You now.
Hope You have a Great ThanksGiving Day & Weekend !!
Cheers !!
It just hit the blue box
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