DrJLT

NEOBTC: can it hold the line?

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BITFINEX:NEOBTC   NEO / Bitcoin
NEOBTC, same story as NEOUSD. Here we have what could be seen as a potential triple top.

Originally, I saw it as a bull pennant, and we had a breakout. Alas, there was no volume in that breakout, and after some FUD now we may just break down.

If confirmed, the target would be a heavy drop. Combine this with NEOUSD. Not very optimistic.

On the bright side, the oscillator shows more oversold than ever on the daily.
Komen:
No, it didn't hold. Broke down. Now huge crash
Komen:
Really hard crash. Maybe it's better to short NEO than BTC.

Penafian

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