NEO had what could be construed as a Bearish Gartley. The first target of $123 was reached a few days ago.
Now, this was after a completely unexpected event: the fall from $146 days before the expected airdrop.
I didn't expect this. In fact, there was a bullish pattern before that & we had a break out for NEOBTC. I don't really follow the news, but there you have it.
The "second target" of this bearish gartley would be a full $100 drop (XA = D-target). That's a bit extreme in my view, but not impossible.
Now, this was after a completely unexpected event: the fall from $146 days before the expected airdrop.
I didn't expect this. In fact, there was a bullish pattern before that & we had a break out for NEOBTC. I don't really follow the news, but there you have it.
The "second target" of this bearish gartley would be a full $100 drop (XA = D-target). That's a bit extreme in my view, but not impossible.
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Gigantic crash
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When I wrote this one it seems hard to imagine, but now the $46 target is very close. If & when BTC retests 6k, NEO is likely to be under $46.
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NEO already reached the target!
but, since BTC's outlook is still very beraish, NEO can go even lower.
but, since BTC's outlook is still very beraish, NEO can go even lower.
