#NEO Update: The bearish ABCD pattern we flagged on the 4H

Post

--Bearish

#NEO Update:

The bearish ABCD pattern we flagged on the 4H played out as expected for $NEO

$NEO completed the D leg near $2.35, got rejected, and has already dipped another -7.78% with price still looking ready to dump more.

Structure remains bearish while trading below the recent highs and short-term moving averages.

AlphaCryptoSignal

Bearish

#NEO LTF Analysis:

$NEO is forming a bearish ABCD pattern on the 4H chart, with price completing the D leg near the $2.35 area before getting rejected. The recent pullback suggests the pattern may be playing out, with bearish momentum building below the short-term moving averages.

As long as $NEO remains below the recent highs, another move lower is possible. A break below the $2.15–$2.10 area could confirm further downside and invalidate the bullish recovery structure.

Disclaimer: Includes third-party opinions. No advice. Binance AI may be used without guarantee. See T&Cs.

NEO+7.26%