NEO / BTC, Possible Wave Coming
Updated
Hello, and thank you for visiting!
I`ve split this idea into charts for simplicity sake.
1 Chart: We can see that a wave is finished. Following all the Elliott Wave roles, I think this is the right count.
If this is correct, we will see a new wave forming soon.
2 Chart: We can see that some major support is close, if it dips, we may bounce up from there.
3 Chart: Most important, we`ve hit the 0.618 Fibonacci Level. This is the major key.
With all of these in consideration + plus some indicators, I think a new big wave is coming.
1 Target: 0.010618 (1.272 Fibonacci Level)
2 Target: 0.010935 (1.414 Fibonacci Level)
3 Target: 0.011391 (1.618 Fibonacci Level)
If you like this analyze, please comment and/or give me some feedback!
I`ve split this idea into charts for simplicity sake.
1 Chart: We can see that a wave is finished. Following all the Elliott Wave roles, I think this is the right count.
If this is correct, we will see a new wave forming soon.
2 Chart: We can see that some major support is close, if it dips, we may bounce up from there.
3 Chart: Most important, we`ve hit the 0.618 Fibonacci Level. This is the major key.
With all of these in consideration + plus some indicators, I think a new big wave is coming.
1 Target: 0.010618 (1.272 Fibonacci Level)
2 Target: 0.010935 (1.414 Fibonacci Level)
3 Target: 0.011391 (1.618 Fibonacci Level)
If you like this analyze, please comment and/or give me some feedback!
Note
Possible break-out is here. This could be the run!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.