DrJLT

NEOUSD: will it break down?

DrJLT Updated   
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.
Comment:
Gigantic crash
Comment:
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.
Comment:
NEO already reached the target!

but, since BTC's outlook is still very beraish, NEO can go even lower.

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