Short NEO/BTC - NEO Forming Bearish Rectangle on the 4H

NEO forming a bearish rectangle on the 4H time frame against BTC. Coincides with previous horizontal support and resistance levels at around 0.0095 and 0.0101, as well as low overall volume. RSI has failed on a retest of the 0.5 level indicating a bearish trend. First target is historical resistance at 0.0088.

Price is also inside the Ichimoku Cloud on the 1D time frame (not shown) and a second possible target is the bottom of the cloud - 0.00762. A bearish TK cross on the higher 1D time frame is also iminent, confirming the bearish trend.

Happy shorting :)