White rectangle period along green uptrend followed by red downtrend with the difference being in the second red downward line, going through and breaking the green uptrend
Regardless of this trendline break it could still signify a reversal
NEO has reached an important uptrend that confirms the bear trend has reached an end
This can be concluded due to its previous bull rejections in the past along this green line
A large falling wedge formation can be also observed which adds emphasis to the bullish state
A long term pattern (rounded top) on BSV has emerged
This pattern breaks to the upside once completed which I have indicated with the double curve pushing past the past ATH
Price right now is near its ATL
Slanted large bottom / double bottom structure
The first scenario one pushed price just under the downtrend line
The current one is going to push price above the downtrend line (in the green rectangle)
Lets see the bulls !
Similar scenarios can be seen to the earlier green rectangle period
This green period was the result of a breakout from a falling wedge (recovery formation)
The green rectangle period we are approaching now also follows a recovery formation, however a different one, an inverted H&S
This rise will lead to another retest of the strong downward resistance in white...