Disclaimer: Please do not use my analysis as a financial advice. I'm only posting this article to counter-effect the media-hype impulses with some "scientific" predictive methods.
I have always encouraged people to read and learn, and today, after the recent Chinese government threat on ICOs, I think it's more than ever important for new investors in crypto to be aware of strategic theories that were laid out decades ago to help read charts and make good emotionless decisions.
First off, here's a quick introduction to Elliot Wave Theory
Applying EWT to NEO reading, I would personally say that we're still not in the downward corrective mode yet. Instead, we're heading toward Elliot(5) which should happen in: (PREDICTION ALERT!) somewhere between 5-8 September we should start riding up the 3rd wave. Give or take a couple of days to shake off the ICO suspension aftermath created on 29th of August, and upward trend will reach 0.0120000-0.0135000 around 15-22nd of September.
Of course, there are many other factors playing roles:
- Red-pulse ICO and its outcome as the first NEO based ICO
- The final decision by the Chinese government regarding the ICO regulation (suspension?)
- Whales tipping off the market for their own immediate massive gains
Good luck!