mattkon

NEO update

לונג
BITFINEX:NEOUSD   נאו
It's time to lower our expectations for NEO. I like NEO. Sure, it's highly centralized ("The Chinese Ethereum") with a lot of seemingly scammy side-chain projects (DeepBrainChain), and RED FLAGS galore like rebrandings and dubious airdrops (Ontology), but still, I like NEO. They used to be called Antshares but then they ripped off my favorite sci-fi action flick's main character name and color scheme (The main wallet and new exchange NEX is ran by a group called "The City of Zion"), which is kind of weird for a serious company, but still, I kind of like NEO, and I want to trade NEO.

But it's time to lower our expectations, because nobody else seems to like NEO right now :/

NEO WILL retrace eventually, and right now I'm eyeing a 75% drop with a buy zone around $12-$13 and sell target at $18. It depends upon NEO's price action vs. Bitcoin -1.78% .

What do you think about NEO? Please share your ideas below. :)

-M@

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