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DrJLT
Jan 3, 2018 7:19 PM

NEO bearish divergence & retrace to long-term trend 做空

Neo / TetherBittrex

描述

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.

Because
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: jlteng.com

And my view on BTC:

评论

apparently it doesn't want to correct
评论
ChristopheVee
you sir,
are doing an excellent job on your analyses!
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