Hi all, Cryptoyivves here again. After yesterday's crazy bull run by BTC, most if not all altcoins are down double digit percentage points. Let's now look at the recovery by some of the more well known altcoins starting with NEO.
As we can see here, NEO is recovering somewhat nicely, blasting through the 0.236 Fib easily 4 hours ago. However, the last 3 hours have showed some slight weakness in the bulls after testing the 0.328 Fib line, the bulls were unable to test the line again in the recent 2 hours. A further confirmation can be seen by the volume, decreasing slightly in the past 2 hours.
I would consider a HODL now for those that got in earlier today. And for those who intend to get in, you may set a buy order at the 0.236 Fib support.
As we can see here, NEO is recovering somewhat nicely, blasting through the 0.236 Fib easily 4 hours ago. However, the last 3 hours have showed some slight weakness in the bulls after testing the 0.328 Fib line, the bulls were unable to test the line again in the recent 2 hours. A further confirmation can be seen by the volume, decreasing slightly in the past 2 hours.
I would consider a HODL now for those that got in earlier today. And for those who intend to get in, you may set a buy order at the 0.236 Fib support.