BINANCE:NEOUSDT   NEO / Tether
BINANCE:NEOUSDT             seems to have found its bottom at the double bottom on the 1hr chart. Poised for a reversal, NEO is chopping around in a bullish flag . Volume is tapering off as expected in a flag pattern . If we break to the upside, I will be bullish on NEO. If we break to the downside, look for support at 80 and again at 75.
isn't it now a double top?
Balas
@gcerpa, yep. we broke out of the bullish flag to the downside into a bearish flag. Now we're dropping down to test the support at 75. If we lose that support, it's a free-fall to 60.
Balas
gcerpa jakechaney127
@jakechaney127, will be the most likely scenario given the positive-correlation with btc right now
Balas
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