What can I say here hmmm...? NEO has a great long term potential, especially in the China space. It has been consolidating for months. We can see a C&H forming for the past month and an even larger one on a greater time scale.
I've been in NEO since $65, waiting for it to hit ATH again. One of the few coins to have done so in a few months. Let's see where this bad boy goes. Last time i dropped a C&H chart was with LTC. You can see it here.
IOTA is doing well for me and has a similar C&H formation as well.
Short Term Traders/investors: you can buy the recent dip and just sell the correction back north.
Long term investors: Load up at the bottom of the dip and anticipate movements to $90-100+ There is news coming in mid-late Jan for NEO coming out of their Bitcoin Conference.
Fun stuff :) Not one of my most in depth TA's, but i hope this helps!
Happy New years :)
Not saying that NEO will hit a 400% gainer, but it is definitely a big contender in the crypto space, especially in Asia. If we know one thing, Chinese governments love control.
Get ready for an analogy why i think NEO will have a big 2018 year. Let's say crypto's time frames are about 2x-4x faster than regular stocks.
We have seen a massive spike in NEO's inception and a massive decline over the past 6 months... I saw the same thing with Alibaba (BABA) Stock a massive up tick at IPO and a steady decline to bottoms for about 1 year. Now BABA is trading north of $182 from bottoms of $45 USD in less than a year and a half.
Take the same rough analogy with NEO with a big uptick 6-month decline and we can see NEO at $240-250 range within Q1 of 2018. Considering the expedited growth of crypto...the upcoming projects for NEO and more NEWs coming end of Jan.
I am personally long in NEO. You cannot refute that Asia is a big player in the market and whatever hands is being played behind closed doors, NEO will be a winner for 2018.
Here are my current holdings NEO, TRX, NVG, IOTA, LTC, BTC
All great coins to go long in. Looking at RDD as well :D sitting at 50-100% ROI for the week
Enjoy. (you will have to readjust the right hand chart to September of 2017, you can see the perfect movements)