Long term support to the rescue for NEO

15 Sep 2017

After getting caught in a downward channel, Neo has seen a considerable drop. Currently long term support is trying to push NEO out of the downward movement. Current sentiment isn't favorable (with China shutting down exchanges), on the other hand in cryptoland sentiment can change in the blink of an eye.. Also the fact that Poloniex has adopted Neo's gas on its exchange might help.. pushing NEO's gas price up.. hence supporting the demand for NEO which is needed to create Gas. No matter how, a decision is bound to be made soon, since NEO is currently in the Apex of the upperline of the downward channel and rising longterm support (greenish oval).
If Neo breaks the channel on the upside look for a movement towards 0.008 region to begin with.

22 Sep 2017

Nota

Testing the supportline once more. NeoGas price is seeing a big bounce again, lets see if it inspires Neo's price as well :)

25 Sep 2017

Nota

Houston we have a lift off!

2 Okt 2017

Nota

Attacking first target zone (0.008) once more, a convincing break makes room for further rising to the 0.01 area! Seems only a matter of time!

5 Okt 2017

Nota

Tough cookie that first resistance and currently tough sentiment as well. Propably drop to mid/low 60's now

10 Okt 2017

Nota

And there we are. Touched support yesterday and bounced up a little. 4 hour RSI right @ the OS-border now.. so propebably some more recovery, be aware of a possible bearflag though. For now the upside is still my preferred scenario.