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cryptoculto
Oct 24, 2017 7:51 PM

NEO will probably go up before heading down. Short

NEO / BitcoinBitfinex

Description

Ascending broadening wedge pattern indicates a potential downwards breakout ahead.
Comments
kash27
Could you elaborate on your reasons a bit? The alts are rising, bitcoin is forking, China has come to its senses, ... Why do you think its going to fall?

Thanks for the analysis
cryptoculto
@kash27, I'm not saying it's going to crash, but it will probably go back down to $28-$29, and then bounce back up again.
Digitalsin
@kash27, it will probably come down again before the next fork in November, just like it happened before.
ddvniek
Doesn't look like it will be long before it drops again.
cryptoculto
@ddvniek, Yes, a partial rise will definitely result in breaking downwards.
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