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NEO

NEOUSDT still bearishNEOUSDT looks very similar to BCHUSDT chart. Actually many dino coins from 2017 looks like this. As the bear market continues , the price can't break the downsloping resistance and it remains in the downtrend. We can see that the price created a deviation but right after that it came back down below the downsloping resistance trendline. We expect a huge dump before any significant bounce. If it happens NEO would reach close to $4 which are lows from March 2020. It also likely that we will see price lower than this if the bear market continues. Any bounce probably will be a short lifted and the price eventually will go down. On the chart you can see 2 possible scenarios how the price would drop towards $4. Good luck
Short
by vf_investment
2
NEO/USDT: Ranging into the lower flat channel BINANCE:NEOUSDT BINANCE:NEOUSDTPERP Hello everyone 😃 Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it! $NEO is still moving into a ranged zone within $6.8 - $6.0; Based on the range formed here, I want to take a SHORT right below the current resistance zone take partial profits along the down till $5.5. Stop-Loss should be located a bit higher above the local high at $6.785 to avoid the possible deviation and stop-hunts above it... I'll trail my stop-loss once it reaches the Target1. Hope you enjoyed the content I created, You can support us with your likes and comments! Attention: this isn't financial advice we are just trying to help people with their vision. Have a good day! @Helical_Trades
Short
by Helical_Trades
2