SUMMARY
The downward wedge pattern for NEO/USD isn't complete yet. To consider that the correction could be complete would be premature. The below chart shows that of the abcde waves, d and e have still not yet been placed. That means that after a rise of 85% to around $39; a lower low could be likely for wave e.
With the subwaves labeled, the remaining d and e waves should be three wave abc types. Now, be aware that not every triangle requires fives waves of abcde. There are times when the price can breakout on the d wave cycle. Given how the MACD looks, there is a potential for this so being aware of a potential breach of the upper white resistance line will be needed.
Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.
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Elliott Wave Counting Tutorial #1
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NEO's engineer team seems really strong!
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hi.. i'm kinda new in cryptocurrency, may i ask for your advise about what's the different between ETH and NEO?
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Neo show signs that it wants to go higher. It's starting to take out previous candle highs, starting to make higher lows and broke the RSI trendline....1st short term target is $80.
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Thanks for sharing blockchain
I appreciate your cryptocurrency news
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Thanks for sharing this information
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if you follow me, I'll follow you.
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if you follow me, I'll follow you.
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Thanks for the information
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Well I guess we will see how it turns out. Although I believe it might just rally and forego trading principles, lol. Like most crypto does. But it's quite an interesting analysis.
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hey @haejin i love your work man thank you for making this post on NEO and predict the future of NEO i am sure that NEO has a brighter future then most of the people think i made a small post on EOS, NEO and Nexus check it out i am looking forward to see crypto market move back to 8 billion dollars even 1 trillion lol
https://steemit.com/steemit/@ychaudrys/market-making-small-moves-upward-yes-it-is
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interesting!
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If Neo drops that low, going to buy a shit tonne! NEO def $1000+ coin in the future!!
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