Batrachotoxin

NEO has mixed favor but more bearish in short-term.

BITTREX:NEOUSDT   Neo / Tether
NEOUSDT

Unlike most of top coins (the coins have high market capitallization), NEO did not raise up much incomparision to the others. After 2 times trying to break short-term Fib. 61.8% at around $13, NEO seems to lose its momentum. Though the bullish pennant (bullish favor) appeares on daily chart but NEO meets 2 strong resistances including Fib. 50% and 61.8% at the price range (bearish favor), besides, a exaggerated bearish divergence is also appeared on daily chart (bearish favor).

As a result, NEOUSDT is expected to have a leg down to below supports which are the Fib. 38.2% (~ $10), 23.6% (~ $8) and 14.6% (~ $7).
NEO has a small chance to reach $17 if bull news can activate buying force.
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