🔥 NEO Long-Term Bear Market Scenario
With the latest fall of BTC, I think that NEO has entered its bear market. We're currently trading below the summer-21 lows, without an end in sight.
For reference, I've copied the 2019-2021 bar pattern and pasted it on the chart to give an idea about the price movements to come. Assuming NEO is in a bear market, we can see a prolonged period of accumulation ahead of us.
Top of the next climax phase is placed at the descending trendline which connects the previous two climax phases.
Happy trading!
For reference, I've copied the 2019-2021 bar pattern and pasted it on the chart to give an idea about the price movements to come. Assuming NEO is in a bear market, we can see a prolonged period of accumulation ahead of us.
Top of the next climax phase is placed at the descending trendline which connects the previous two climax phases.
Happy trading!
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