Solstics

NEO consolidating and showing potential

BITTREX:NEOBTC   Neo / Bitcoin
NEO is still a fairly new currency that exploded a few weeks back but has been in a bearish state ever since. With the limited data I have, I've made a few prediction. NEO is in a very great buy position right now. The downtrend and new uptrend are going to intersect here in the next two days highlighted by the white box. I feel as this could be a major indicator with where the market will go next. Rather it will remain consolidating, cross downtrend and turn bullish , or lower more into the mid 300k satoshi range. 450k has been a good support line thus far since the market crashed and has held thus far. If neo recovers and goes back up, I listed a yellow section identified as a new support or resistance area . Not enough data yet for me to set an amount but if you do invest now, be wary of the market within the 600k-800k satoshi range.

Overall thoughts
> Buy now
> Stop loss near 400-440k
> Watch market closely near 600-800k range
> Potential intra-day trading or sit and hold for a new high...
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