I was thinking about it. It was not that long ago that the webbot said NEO had the most growth potential in crypto space. Now that is saying something. It could be that it's over, because this went all the way up to 5TH on the crypto market cap list and made gains beyond my ability to do math, but still, it's not unprecedented in crypto space.
I was thinking about selling, and then looked at the charts, specifically the numerical indicator. (I had to switch to the BTC price to get enough history to use the indicator)
I'm going to look at a lot of time intervals, but it will be brief each time
On the monthly, we just see your basic bull chart, although this month is far from over.
The weekly chart is maybe the worst, but you can see the 9 there, which sent us back for a while. It made a new higher high and higher low, so it's hard to call it bearish.
In the weekly USD price, it hit perfectly the previous high
The daily chart might be the best:
You can see the retest of the previous high. Epic positioning on the stoch RSI. perfect 9 signally a likely end of the downtrend. The BTC chart looks about the same. Awesome support held there.
I might not post the rest of the charts but I'll give you the takeaways
on the 4 hour chart we had a 9(buy) a day or so ago
on the 3 hour chart we just finished the 8 and are on the next bar right now, which looks like a breakout, so technically it will finish at a 1 and not a 9
on the 2 hour chart we hit a 9 (buy) on the 4th
one the 1 hour chart, (I'm going to have to post this one) the recent low was a perfect 9!
On the 30 minute chart, we hit a 9 (buy) a few hours ago at the recent low
So there is a lot suggesting this is still a buy. This rose so fast it just had to fall a long way to find support. So it probably wrecked everyone's moving average jibberish signals.
Having said all that, watch this one like a hawk in case it turns bad again. It had to fall a long way to find support, and if it has to find the next support it's going to have to fall another long way.
This is not trading advice. I'm just saying what I see at this very moment. It could literally change in an hour and I will probably not be posting that fast!
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