SUMMARY
After a vertical move up in five waves, NeuCoin (NEU) initially declined in a channel and which morphed into a convex roundish wxyxz correction which is still in progress; except its currently probably in the latter stages. The below chart outlines the wide rounded price pattern and NeuCoin is more than 2/3 complete.
The basin phase is when the very bottom of the rounded price formation is being placed often this is literally a near horizontal sideways price action (blue rectanble). Elliott Waves show that the channel was likely the abc subwaves of a higher degree of trend white W followed by the X,Y,X and Z. The final Z wave is almost complete. What does this mean? Well, the MACD is also near fltaline; the most boring mode of consolidation; but it still works. The blue arrow line projects a potential MACD pathway which would also help define the price action to build the right side wall of the rounded price pattern. Timing for this to likely initiate could be some time in early May or so.
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i thought neo... nice analysis. keep it up
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What do you think about this analysis?
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tremendo lió con esas bitcoin
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Thanks for the great TA haejin,,have a great night
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Hi @haejin.. Congrats you have succeeded in steemit and Cryptocurrency .. I will try to succeed here .. Please support me .. Thank you
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He hasn't succeeded . He is a SCAMMER. He has CHEATED. BIG DIFFERENCE.
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hi boss. congratulation ..for your success in this platform
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I think it will make a side wave movement before 12345 impulsive wave begin.thanks my dear , i am also finish learning how to apply elliott wave principle by following you.
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thank you for a good insight into.
Can you please tell me where did you learn This Technical Analysis?
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, i have a all chart altcoin, It will be useful to you.sorry if i bother you. but i bet you will be interested with it, and we will have a discussion about crypto graphs.https://busy.org/@sonpham1997/bitcoin-update-bitcoin-trends-today-07-04-2018
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