Long
NEO / USD in the buy zone
Updated
A few months have passed since NEO rebranding and is now easier to get a broader picture of the price. It seems difficult to make NEO/BTC predictions at this time, but i think NEO/USD can provide a very good trade over the next 4 weeks or so. The indicators are starting to turn upwards and the Elliot Waves are waiting for wave no. 5, with a predicted price of 1.618 fib level, based on previous ATH and ATL.
Trade active
NEO broke out and is heading towards the major wave 5 target. Getting there won't be smooth, but following smaller wave cycles, which i think will look like this: Note
Cycle completed, fully corrected. Point 5 was a bit lower though, but overall great trade.Another cycle expected after some consolidation in the demand zone (marked blue).
Trade closed: target reached
Target Reached.
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