Neo - Overall market structure
- descending channel
- a breakout with confirmation = target 1, target 2
- consideration: NEO has broken down every time it hit the upper range
*Invalidated if BTC crashes the market
An overall look at the daily chart for Neo. Forming a descending triangle. a confirmed breakout will result in a huge bullish reversal. Look for confirmations on the breakout to avoid fakeouts.
Potential guide assuming BTC doesn't drag the market down.
Neo needs to hold support (see blue box) otherwise consider fall to 16.00 Ish where it will face monthly support and break below that would be uberly bearish.
This is all voided or invalidated if BTC pumps or dumps