NEO/BTC - NEO Descending Wedge Watching for Potential Reversal

2017년 9월 2일

NEO is still within the descending wedge (we've been tracking this closely for days now through the Alerts Group). Last chance for the bulls to reverse this here by breaking out ASAP and forming the blue Inverted H&S to confirm a bull reversal to the trend.

If the bull scenario does fail to materialize, expect a wash down back to support at 0.003-0.0025 area

Still waiting for a clear direction.

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2017년 9월 2일

액티브 트레이드

Addendum:

The main chart is missing the neckline used as a stop loss.

2017년 9월 4일

노트

Following the ICO ban by the Chinese Government, NEO finally gave in and broke down with most of the Altcoins, Tokens, Ethereum, QTUM and EOS:

2017년 10월 3일

노트

Apologies for not updating this chart.
Based on the latest news that NEO council members will have 30% of NEO available for spending (selling or holding), were giving a higher probability to the bearish H&S to play out:

2017년 10월 4일

노트

I was informed that the 30% NEO available to the council could not be sent and sold on the exchanges per the white paper. So please disregard my claim earlier that the bear scenario has higher probability.

I believe bulls got this and we will revisit 0.01

2017년 10월 4일

노트

nevermind, stoploss reached after the bottom bull neckline broke. Bearish H&S in play. Seems lots of fear of Bitcoin Bear Market at the moment pushing lots of traders to take profit asap on tokens, and alts.

2017년 10월 8일

노트

Neo what will it be?

2017년 10월 13일

노트

Bearish H&S played out beautifully, we took profit at 0.007 rebought at support at 0.0048