Why Neo is going all the way down?

[Ekenegbu123]

The correction on neo coin is not only on NEO. Every other coin is going down as a result of the market. The market is not in a good state  and every coin on coinmarketcap has been affected including bitcoin.

[gayan777]

The triangle shape most likely means that a breakout is going to occur. It does not say which way the breakout will occur but the likelihood is fairly high. After doing this analysis, I came to the conclusion that I am personally going to set a sell order at around $26-$27 per coin. I think that is a safe way to protect myself against further losses. With that in mind, I personally think that the coin is going to bounce back into the range of $32-$35. I think that the support line that we are at has shown enough support to hold it from breaking through.

[ttking]

To my mind, the reason is common for all coins. If you check the situation in the crypto market you will see that it leaves much to be desired. To my mind, Neo is the coin that must increase in price soon

[sherwinsamsung]

I invested in Neo. But from last week after ONT airdrop, its keep on sinking.
Any news???

not only neo is suffering, but almost all altcoins are suffering during these bear months.  bitcoin is also affected but stays the strongest among all cryptos.  2017 bull maybe exagerated that made this year a correction one.  2019 will likely turn around and be bull again.

[blindminer]

The triangle shape most likely means that a breakout is going to occur. It does not say which way the breakout will occur but the likelihood is fairly high. After doing this analysis, I came to the conclusion that I am personally going to set a sell order at around $26-$27 per coin. I think that is a safe way to protect myself against further losses. With that in mind, I personally think that the coin is going to bounce back into the range of $32-$35. I think that the support line that we are at has shown enough support to hold it from breaking through.

Are you only looking at this from a TA point of view or do you also study the platform and it's benefits compared to other players and self proclaimed next generation blockchain?

[el kaka22]

The correction on neo coin is not only on NEO. Every other coin is going down as a result of the market. The market is not in a good state  and every coin on coinmarketcap has been affected including bitcoin.

Yes, everything else goes down as well, people mistake their favorite coins will be exception however it is not. When all altcoins go down, ALL altcoins go down, some of them do not stay up. Even ethereum which is considerably bigger version of NEO went under 300 dollars and it was over like 1000 thousand dollars at one point, that is almost 30-40% drop in price for the biggest altcoin out there, so thinking smaller and worse version of ethereum not going down is a dream. Neo is just an altcoin like many others and when they go down it will go down as well.

Do not put too much pressure on any coin, they are not special, they are not unique, they are just part of the bunch.

[sedahan13]

Not only NEO but all altcoin was keep going down, this is just because the crypto market crash so all altcoin followed the down trend.  When i seen  the history price of Bitcoin since 2011, this price action still normal. All altcoin can be going up multiple times in a few month but also has possibility to going down to 90%, so we should be avoid to buy crypto on down trend and wait patient to get bottom price.

[ryancpk]

Half a year back, I also thought that the NEO would be the Ethereum in the east. However, its recent performance have really upset me.

The problem is the price drop is even worse than Ethereum. I don't see the price will come up any time soon until the Chinese government approve crypto. Just my 2 cents.

[Btc_1856]

Not only NEO there are many others coin facing the same situation in the market, look at the ETH the price has fallen from 1300$ to 225$. So most of the coins in the market are facing the same situation which we cannot able to predict when the market starts recovering.

[tonlong]

In my opinion, NEO is falling and falling rapidly. Due to the general situation of the crypto market, Bitcoin is very expensive. On the other hand, i have the feeling that NEO has dried up and the road signs of growth have left NEO no longer as attractive as the original.

[bummm]

Not only NEO but all altcoin was keep going down, this is just because the crypto market crash so all altcoin followed the down trend.  When i seen  the history price of Bitcoin since 2011, this price action still normal. All altcoin can be going up multiple times in a few month but also has possibility to going down to 90%, so we should be avoid to buy crypto on down trend and wait patient to get bottom price.

Right, NEO is not the biggest loser. However, I would not wait too much now of this cryptocurrency. It will take about two years for this altcoin to recover and reach its previous popularity. Hope, it will be in the top-10.

[CryptoIyke]

Neo, Eth and Waves were among the top coins that were heavily affected by the bear market, I had suspected that this should be because they were among the main platforms for smart contract and most sell offs for new tokens are usually exchanged for them, so the ugly market situation for ICO's would have equally affected them

[worldofcoins]

The bear market heavily affects a few markets including that of neo which many people say that its part of a natural market correction.