#NEO IS STILL BOTTOMING OUT (HIGH PROBABILITY ANALYSIS)
We're now at the bottom of #NEO and another wave is still possible for its last bearish wick. There are key levels where this token is struggling to breakthrough and create foundations of higher lows. Albeit, this is not where this scenario will stay. The movement of NEO suggests that it is struggling to break the key levels below 30. Hence, the need for a spring to gain more momentum is necessary.
As per the spring that could potentially happen. We are looking at the prices in between 2.74-11.64 to gain another impulsive bearish candle before it reaches the state where high demands will appear.
Always remember to check the possibilities of spring action in every market. As this action will take a further leap towards the reversal of an asset.
Stay wise, trade cautiously.
