# NEO is in a very bad place right now. If it does not turn this week I assume it will drop to 11$. Here is why:
![NEO.png](https://steemitimages.com/DQmQ8MWL33yU12s2zm11MaYpmyYDFR3DSi9yQYSVqmN3aXe/NEO.png)
### Nevertheless I will not sell my NEO or any other crypto at a loss. I will hodl  until in profit or worthless.
### There was a good chance that NEO could end the correction with a truncated Wave C. But right now, there is a new low which means that this scenario is not really likely anymore and the scenario in this picture is probably going to unfold. 
### That means harsh times ahead for NEO holders. Expect 50% drawdown. There is even a bearish SHS pattern confirming more downturn. But again I will not sell mine. In fact I will double my NEO holdings at 11 $. I never thought I would be able to see NEO this low again. Now it seems we might...
![image (5).png](https://steemitimages.com/DQmSJFCmiPGGtTrvw93vM77RZsA56t47xh9DbFpbqJxfgoA/image%20(5).png)
If you think this to be useful information:
![DQmRhDtjokAZnGKi4QwheqksKTFo6m4fsjMYsNNrsitC1xk.gif](https://steemitimages.com/DQmRhDtjokAZnGKi4QwheqksKTFo6m4fsjMYsNNrsitC1xk/DQmRhDtjokAZnGKi4QwheqksKTFo6m4fsjMYsNNrsitC1xk.gif)
![image (5).png](https://steemitimages.com/DQmSJFCmiPGGtTrvw93vM77RZsA56t47xh9DbFpbqJxfgoA/image%20(5).png)

DISCLAIMER: I provide trading ideas using EW and Pattern analysis. The material in this post does not constitute any trading advice whatsoever. This is just the way I see the charts and what my trading ideas are. The author of this post is holding positions in this market at the time of this post.
If you make any trades after reading this post it is completely in your responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept that.

Tell me what you think...

Have a nice day :-)