NNeo / Bitcoin

NEO Retrace

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Opportunity arrises for NEO in coming weeks as the rally overextended and now begins to retrace. Many novice traders jumped in at the highs on fear or missing out, but are now forced to hodl during the correction. Although Neo fundamentals support a higher price a retrace back to the June highs (0.0054) is possible. The Macd is crossing down with the 4h chart showing a head and shoulders pattern.

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