vf_investment

NEOUSDT still bearish

Short
BINANCE:NEOUSDT   NEO / TetherUS
NEOUSDT 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
Comment:
Neo remains under resistance
Order cancelled:
NEO is bullish now. The price broke the downtrend. We are not looking for 4 $ target anymore. It's a buy the dip season now.

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