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NeoBtc A possible Wave C incoming upwards 100% profit target
NEO / Bitcoin
Long
NeoBtc A possible Wave C incoming upwards 100% profit target
By Yazirazlamtrader
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Updated
May 16, 2020
6
May 9, 2020
Btc dominance just hit a resistance trend line and come downwards which resulted in Alts coin gaining momentum and momentum meets targets.
Neobtc has been historically taking alot of resistance from 8 ema. This week closure above 8 ema would be a good sign to buy Neo next week.
I am expecting a WAVE C incoming with target at 1.618 level and that is hitting 2500 sats.
There is a big resistance at 2500 sats and alot of confluence.
Good luck
Please like and follow if you like the idea as it encourages me to share my thoughts on tradingview
May 16, 2020
Note
Market is still struggling to gain grounds above 8 ema, Keep an eye, Close above 8 ema with a bullish candle structure will validate this count
Chart Patterns
Trend Analysis
Wave Analysis
Yazirazlamtrader
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