Neo, Chinese ETH, moves very similar to Ethereum 1.83% . So, as I believe ETH price would be corrected, it possibly would happen for NEO too. I imagined two scenarios here: after touching the bottom of the uptrend canal, in the bullish scenario, the pice again moves toward the top of the canal. In the bearish situation, the price will tend to decrease to the %50 fibo.
(1) RSI does not support more increasing.
(1) RSI does not support more increasing.
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Update 1: I sold my NEO today at $125....NOW $116...Heading to $100...Then I will update it!
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Price touches the bottom of the canal (100). Let's see it will try to move toward the top, or it is going to move according to the second scenario and touch $75.