NEO-USDT - Looking for Long Opportunities

I am looking to add to my position of NEO for 2018. Here is why:

Fundamental Analysis:
- NEO is one of the leading projects in the Dev Tools / Smart Contracts sector. This sector should continue to perform well in 2018 as it did in 2017 as is a foundational use of blockchain (building blocks).
- NEO has 27 ICO's coming to its platform in 2018 ( ETH performed exceptionally well in 2017 of the back of its ICO action
- NEO is the platform of choice for Asia

Technical Analysis:
- NEO is at an All Time High against BTC and its RSI has been over-brought for some time. If BTC finds its stride we could see some drops in this pair. There has been a 6000% plus increase since April 2017

- NEO is about 20% of All Time High against USDT with a 1500% increase in past year.
- On USDT 8 hour chart NEO is on the end of a short-term 60% increase and seems to be loosing steam ( RSI dipping down after hitting the 70). Future cloud is red. Price should drop down before building again. The cloud from Feb 1st to 7th is straight and should act as a strong support if price falls to that level (140 USDT). This is also the fib .5 level of the This would be a good buy level.
- Red horizontal lines show the areas of confluence between fib extensions from the recent high/lows. Will be looking to see how the price respects these levels and treat them as potential buy levels.

Summary: FA is very strong, TA performance has been very strong against USDT and BTC in past 9 months - . The charts have been over-brought for some time but show no signs of reversal. I will be looking for buy opportunities on the 4 hour and 8 hour.

"Luck is what happens when preparation meets opportunity" Seneca
This is not investment advice.

Comments always welcomed below.
评论: NEO dropped and tested my lower support line before recovering on the 8HR. This also coincides with an upward trend (red line). The RSI recovered at 50 and is now trending upwards. NEO certainly seems bullish in comparison to most alts. I am still holding back as for me its not really a time to be buying except if we have screaming coincidental signals.

评论: We broken down from the up trend line and price is now testing the lower red support line. If it fails then there is a strong level which has acted as support/resistance multiple times which I have drawn in blue. I would expect NEO to climb again from this level given that their is generally bullish sentiment currently on this project.
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