#LTF NEO Analysis:
$NEO is currently forming a bearish ABCD pattern on the 4-hour chart, with the price completing leg D around the $2.35 area before experiencing rejection. The latest pullback suggests the pattern may still be unfolding, with bearish momentum strengthening below the short-term moving average.
During $NEO
staying below the most recent high level, further downside is still possible. A breakdown below the $2.15–$2.10 area can confirm further decline and invalidate the bullish recovery structure.
$NEO is currently forming a bearish ABCD pattern on the 4-hour chart, with the price completing leg D around the $2.35 area before experiencing rejection. The latest pullback suggests the pattern may still be unfolding, with bearish momentum strengthening below the short-term moving average.
During $NEO
staying below the most recent high level, further downside is still possible. A breakdown below the $2.15–$2.10 area can confirm further decline and invalidate the bullish recovery structure.
