NEO/BTC is showing a possible descending triangle here. if it breaks the bottom support line of the triangle, we have two potential target prices as labeled on the chart. first tp is a likely support level, second tp is based on pattern projection.additionally, with BTC & ETH looking like they haven't bottomed yet, this is looking more likely.
long-term I'm very bullish on this coin, but this right here just looks painful.
trade at your own risk.
Order cancelled
pattern failed, though I'm still expecting for things to get more bearish soon and I do think that the first target price could still be seen.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.