Neo has major resistance at around $146. If Neo verifies the pattern by not falling below $114 then the price break out will be before the end of February around $124 and will confirm once the $146 resistance is broken. If this trend follows the Fibonacci speed resistance then Neo will reach $250 by the end of April and will test peak resistance at $198 the end of March. May the force be with us.
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This pattern is breaking. However a falling wedge is definitely in the cards.
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The whole market is being dragged down by Bitcoin and we are in a bear market. We are going to have to wait until all this FUD from weak hands stops.
The formation of one or more tails at, or near, an area of support (bullish shadows)