NEO, Is history repeating itself?
I owned some NEO at $35 and was tired of waiting on it to boom only to be in more and more losses. I sold my NEO and literally weeks after, watched it essentially 5x. I know not to chase highs so i've been looking for a proper entry for NEO that would not be chasing a high, but a calculated risk.
Looking at NEO's chart, i noticed something. The current pattern matches the patter right before the previous big run for NEO which created all time highs.
Now at point 1, we see NEO reach a ATH from the previous run up.
At point 2, we see NEO set a low, and a lower high.
Point 3 we see a lower high and a higher low forming a wedge shape then it explodes reaching all time highs.
Now at point 4, we see NEO hit the all time high, then start to pull back but gets bought up by buyers. The candle ends red and the candle after is a huge green candle.
As you can see, essentially the same thing is forming. What do you guys think? Right now, i'm waiting for a confirmation candle and volume for an entry at around 0.014 BTC
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