Price might be forming a double top pattern. If the pattern is consolidated (lower red line) this could be the start of a downtrend. Although, a small support was found amid the formation of the final leg of the pattern, so if that support can hold, the pattern might not be formed and the downtrend situation wouldn't be valid. Just reminding you that a double top pattern has to be completed for the downtrend theory to be valid. watch this closely if youre trying to trade with this pair. NEO is still one of my choices for long term hold anyway.
Share your thoughts,
Daniel
Share your thoughts,
Daniel