Why is NEOCOIN falling

[coat47]

If Neo is really an Ethereum of China (with I suppose some specific thing to do for the chinese market), we can suppose that the Neo value = 1/4 of Ethereum (so 1 neo = 73 dollars) or 1/5 with 1 neo = 58 dollars.  I am certainly not the only one who think that. But Neo has not yet the trust and reputation of Ethereum. They still have to prove their capacity, and show their “final” product .

[Ultegra134]

I noticed a 50% positive increase the previous days and was quite surprised, although, you cannot expect a coin to continuously increase. It's due to its correction time now to stabilize after that large price pump.

[SavvyOli]

yes! price has stabillised and is starting to rise. congrats to lucky investors that bought in at usd 35.

[M0N3YMAGNET]

Because they only have Red Pulse. They need to build more projects on NEO for people to believe it's going somewhere.

[withche.07]

Neocoin was pumped similar to Digibytes by Chinese people. So it was mere speculation at first. But over time Neo started to strengthen itself so price became stabilized by lowering to accurate levels.

[louisMTV]

Its going to moon soon!

[gmf1000]

Its going to moon soon!

I think NEO price is stabilized for now... we still have to wait and see what comes next ~

[mdenys]

Neo will go to 50$ right after China take off the crypto restriction.so far 38 $ is the limit.

[bouldou]

Hello guys, just like you I bought NEO quite high and I'm waiting for it to rise

But I'm confident in this coin, whenever there will be a good news from China, price will moon !

Read this, for instance :

https://hacked.com/trade-recommendation-neo-4/

Bullish divergence, formed by the price and RSI, gave a trend reversal signal. When the price passed through the cloud, we got an additional confirmation of possible upward movement. DMI gives bullish signal and allows opening long trades. It’s buy opportunity. Pending orders can be placed at 0.005500 level with stop orders below the local swing low at 0.004700 level. Profit targets are 0.006500 and 0.008500 levels. If you don’t use leverage, recommended trading volume for this trade is up to 10% from your deposit.

Market: NEOBTC
Buy: 0.005500
Stop: 0.004470
Profit Targets: 0.006500 and 0.008500

HODL guys