Time to buy NEO?

in #neo7 years ago

In my attempt to understand the charts and learn to trade cryptos better, I’ve recently been reading up on using divergence on RSI and MACD.

So on NEO 4hr chart I can see it’s making lower lows yet the RSI is showing higher lows.

The MACD is also showing a crossover and the histogram is rising.

This divergence is telling me we’re near a bottom and will be turning back around soon.

A3C8A453-4005-44AB-B719-68ADD377599A.jpeg

NEO is one coin I want to buy and hold so I’ll see about buying a few more NEO today to add to my collection.

If it dips further, I’m not too worried as I still see great potential in NEO.

Would love to know your thoughts on this chart and NEO.

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True.. Made a little bit on NEO recently.. looks like its a very slow pick up though...

Overall we still need to see the Market Cap rise more to see our alts make gains.

And bitcoin still continues to dominate the market! Grrrr...

With that in mind, these prices today are still a great place to buy and hold for the top coins like NEO. When the market cap reaches trillions, these current rises and dips will seem like a blip.

I agree with that. That, infact is what we are doing here, buying to hold, its pretty stagnant on this side of the world too & here it hits us even harder when BTC dominates, the small guys dont make much / any money, on those days. however i find investing in small coins in a way has begun to stablise the BTC loses for us..

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