NEO / BTC Daily Chary Analysis
What an amazing run for NEO the past month! Congratulations to anyone that made some amazing gains (~600% gain from 12/8 low to the high of 1.3 m satoshi today) HODLING. Although, it seems as though this bull run could retrace back down to the next major resistance turned support at around 864k satoshi, as NEO has hit a double top at the 1.3 m satoshi level. The last time this high was hit was on 8/13/2017, about 5 months ago! RSI (82) is indicating that we are in overbought territory. As we have seen in the cryptosphere before, the retracement could be short lived, as the hype around NEO and all of its recent, successful ICO's continues to grow. Only time will tell!
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