EMERGENCY MARKET UPDATE: NEO (NEO/BTC) - IS NEO DEAD?steemCreated with Sketch.

in cryptocurrency •  7 years ago  (edited)

NEO/BTC

NEO is dropping because of this announcement regarding the ICO Red Pulse which is coming to the NEO platform..

Do you think this is an overreaction? Probably so, look for a sharp bounce here

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7 years ago by

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      ·  7 years ago 

    Do you think Red Pulse will still be a good buy?

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        ·  7 years ago 

      Red Pulse doesn't interest me as a company. Most likely there'll be a pump and dump opportunity the 1st day it lists

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          ·  7 years ago 

        Fundamentals (news) always trumps Technicals, but in this case the Technicals may have amplified the move. I'd suggest waiting until the selling is over and support is found at volume. NEO now needs a fresh base to build from.

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            ·  7 years ago 

          Neo has had that base when it was toping 60 and then corrected to $30-$40 . This is a sell panic because china is CONSIDERING getting rid/ regulation ICOS. In the meantime NEO is keeping in touch and trying to follow all precautions so in the case that does happen they will be one of the few TRUSTED platforms in which ICOS can release.. This is about trust and NEO wants to be known that the community can trust them since this is their first ICO , like they said they arent doing this for the short terk they are doing this for the long term. So id buy the dips because #neotothemoon

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              ·  7 years ago 

            Agreed, I don't like how the chart looks. The blue zone offers immense buyer's value if it can get down there again

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