#NEO $NEO $USDT - .18 to 187 to 18 to ?

13 ago 2018

NEO NEO NEO.... What have you done?




Let's take a look at the Weekly.

W:
Clear down trend from Jan 15th
The 11W Volume slump has ended
5 Weeks of sideways/narrow channel trading
BIG weekly Bearish close



D:
After a slight double top in early July it's been a straight drop.
I went with this pairing for the volume but it doesn't quite have the history from listing so it looks like price discovery.
Volume up and Price down is Bearish...
RSI way down under 30
MACD mostly neutral




We did find some support from a trend line back on Feb 6th at 17.79 after a failed attempt to push it lower than 17.34
Next day gave us indecision with the Bullish Doji it left behind followed with lower volume.
Currently trading about .40 over open...





4:
Let's not pretend we don't see this symmetrical triangle over here...
Vol Down - Price Up = Bearish
RSI is in overbought territory while the MACD is teetering on downward/upward momentum
6 Day EMA is our current resistance






HISTORY:
TREX
BTC

I pulled up a TREX chart for history.
Look how well respected those fibs have played out.
I added a few of my own support levels so we can get a better idea of where we may be headed if we can't hold what we got.
This chart is BTC




Currently just under the 786 at 304753 = 19.31
Support at 248777 = 15.77
Support at 198000 = 12.55
If it goes under those....well, it's already ugly....
886 at 165663 = 10.50