NEO / TetherUS
Short

🔥 NEO Long-Term Bear Market Scenario

1 992
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!

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.