Many are very bull to NEO, formerly Antshares, and it is not without reason. It is said to be the chinese Ethereum, and even better. Neo mooned after BTC, but returned to it's february low along BTC.
The last month it has been trading sideway in the $100-140 area of price.
The Superguppy tool show the ups have lasted longer in time than the downs. The latest dip follow tBTC exactly in time, and a compressed investors group mean investors are satisfied holding, although widening out a bit the last day.
It is the traders group whom has been forcing price moves, alternating aqua above and blue below the more stable long term investors group.
Volume have been scarse through the corrections compared to the ups.
The daily chart show a 5-3-5 ABC correction as done, and I have labeled up the white and yellow subwaves.
Price are climbing again, but still below the Ichimoku cloud. I expect it to pinch just into the cloud in the green wave 1 of the labeled EW subcycle up, before going down for wave 2. Cloud should twist to green before price break through in the green wave 3, possibly this week.
These are just my thoughts, not a trading advice.
If you have another view on this post your welcome to discuss and post your charts in the comments.
If you'd like my technical analysis on another coin, please ask in the comments.
If you feel like buying me a beer,just send me some STEEM :)
