There seems to be no stop for neo here. If we look at the weekly chart, we see a h&s. Neo fell through the h&s something around June. The consolidation around the $16-$17usd just didn't go quite as good. Right now, Neo is at a critical support level around the $9usd mark. If it falls, it will have another small support at the $5-$6usd mark. From there, it will freefall to under a $1.
On the monthly chart, you can see a h&s pattern forming. From a long term perspective, if it falls beyond this $9usd mark, it will freefall to under a $1.
Yeah you might think this is being very bearish, but it is the truth. Let's just hope that it don't fall this far down.
Let's hope that all the markets (crypto, stock, etf...) rise since the majority of the world market is falling. The US is just entering it's correction and following the world's trend. It is just a matter of time. If you wonder why there is less money in the crypto market, just remember that people is taking out their fiat and investing in bonds to safeguard their investments right now.
Too lazy to draw up the chart.
Remember, this is an educational TA. This is not a signal to buy, sell or trade. DYOR.
On the monthly chart, you can see a h&s pattern forming. From a long term perspective, if it falls beyond this $9usd mark, it will freefall to under a $1.
Yeah you might think this is being very bearish, but it is the truth. Let's just hope that it don't fall this far down.
Let's hope that all the markets (crypto, stock, etf...) rise since the majority of the world market is falling. The US is just entering it's correction and following the world's trend. It is just a matter of time. If you wonder why there is less money in the crypto market, just remember that people is taking out their fiat and investing in bonds to safeguard their investments right now.
Too lazy to draw up the chart.
Remember, this is an educational TA. This is not a signal to buy, sell or trade. DYOR.