This is it, the original trendline from $2 - Neo needs to hold here - Volume is very low - Please check the chart linked for the last time i drew these trends
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Neo is about to have the much hyped Nex ICO right as it touches the trendline - Hopefully this mix of fundamentals and TA will have a positive effect!
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Holding against the dollar so far - I've had the Neo/Btc chart running for a long time, it runs true - looks like more downside against Btc is possible
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Neo new candle on the dollar chart just opened outside of the downtrend - Looks like the major uptrend has held
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Long term Neo holders should be pleased - This was key support to hold and Neo made an impressive bounce
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Neo price could see $75-$80 after some battle
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Next leg up about to start
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Another bullseye from Mr Gann - Neo needs to get above $61 and hold the 78.60% fib (this screenshot chart is different to the main) in order to get to the next target of $79
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One of these 2 targets is highly likely - The lower window is the 2nd Arc Pair and the 100% fib - The higher window is the 3rd Arc Pair, the 100% fib and the major downtrend shown by the dotted lines
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The above tops are $77-$82
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Neo is very bullish and has regained the parabolic channel - Resistance at the arc and 100% fib - If Neo keeps this path it will map out something close to the arrows
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Students of Gann dont like such tasteless tacky things but there's a inverse h&s forming here - ugh - I was initially thinking of around $84 top for Neo but should that downtrend break its going to $122 - General market sentiment will decide, we'll see the signs nearer the time, the downtrend holding or breaking mainly. I'd imagine if that happens all the majors will do the same on their own charts, Eth to around 1K for example
This is getting close. If the alts come back after today’s down move and btc keeps going neo might just blow through the resistance. Would be a great call.