TKS unusual attempt to tradeThis coin chart is very different from the rest of altcoins. I marked channel and it is very obvious that the coin is trading in between theses two levels(yellowish rectangle).
It is quite possible that the coin will reach highest high again in some time unless the channel will be broken and down trend will occur. I marked double bottom as well.
I think SL around 2500 is a good idea as the pair might go lower and it is hard to say if it will ever go up
Doublebottomreversal
Neo potential double bottom reversal - target price ~$51.5NEO/USDT is showing a potential double bottom reversal. if it can break both labeled resistance lines, target price is ~$51.5 based on pattern projection.
one thing that could interfere with this is BTC and ETH dropping in price further, which seems likely; likeliness to interfere with this movement in NEO is uncertain. these 3 are all somewhat tied to each other in price movement.
trade at your own risk.
