Neo potential double bottom reversal - target price ~$51.5

NEOUSDT is showing a potential double bottom reversal. if it can break both labeled resistance lines, target price is ~$51.5 based on pattern projection.
one thing that could interfere with this is BTC and ETH dropping in price further, which seems likely; likeliness to interfere with this movement in NEO is uncertain. these 3 are all somewhat tied to each other in price movement.

trade at your own risk.

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formed a new low, which means that we aren't out of the consolidation phase yet.