It’s calendar spring outside, so hungry bears have woken up. I’m not inspired to buy alt-vs-usd when I see charts. Let’s look at comparable crypto’s and try to trade cross-rate.
NEO and ETH fall within the same sector of the cryptocurrencies space (dapps/smart contracts development platforms) and thus can be good candidates for trading their relative performance.
I’ve just bought some neoeth in preparations for a possible uptrend: the pair trades approximately at 0.5fib, and, simultaneously, the floor of the channel is about to be get hit. If no trend reversal comes I’ll cut losses 10% lower than my entry price.