NEO bearish divergence & retrace to long-term trend

NEO is a great project but is currently overheated. There's clear & strong bearish divergence in volume . Other indicators (not shown here as I can only pull three without a "pro" account) also suggest overbought condition.

1. The critical $100 psychological threshold is coming up
2. There's already an equal gain ( AB=CD ) after the mid-December crash

I think NEO is likely to retrace, perhaps to the .618 level or lower. The long-term trend will be a very strong support, though there's no reason to believe at this point that NEO could fall this deep.

Also check out my website: http://www.jlteng.com

And my view on BTC:
評論: apparently it doesn't want to correct
you sir,
are doing an excellent job on your analyses!
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