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.