BITFINEX:NEOUSD   NEO / U.S. Dollar
Description in the chart. Please post your comments
评论: stabilization phase over and price shoot up.
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Trend broke so now, you expect a more bearish movement or?
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@rensie10, It would stabilize between 34-37. The reason behind is NEO said big news and rumours came out as China's regulation would be liberalized which in turn big boost for NEO. So the price skyrocketed, but as they say Regulation is a govt body and NEO is open source tool, they dnot have control over the regulatory bodies. So people got disappointed and started dumping. But the NEO's development plan is good, so people will start buying it on Support, it will take sometime for people to digest the disappointment and start buying it again. So there it will stabilize for sometime and then it will go up.
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