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.