NEO/USDT - $170 Target
Updated
It looks like the next 24 hours will see money flood into the market.
I'm looking to trade NEO. One thing I'm keeping an eye on is a false breakout.
When C corrects down to D the focus should be on the market not breaking
the bottom trend line with any sort of significance.
I'm looking to trade NEO. One thing I'm keeping an eye on is a false breakout.
When C corrects down to D the focus should be on the market not breaking
the bottom trend line with any sort of significance.
Comment
CorrectionWhen C corrects down to D the focus should be on the market not breaking
the bottom trend line with any sort of significance.
It should be when 3 corrects down to 4
Comment
s3.amazonaws.com/tradingview/snapshots/s/sFpyJ1VB.pngOkay, So I made an error on the original post. I ignored a fundamental tennant of elliott wave theory.
Also as the chart has progressed it's behaving slightly differently to how I originally thought it might. I think I tried to make it a little to complicated.
Anyway it seems to be sticking within the confines of the pitchfork and I will be monitoring that for the time being.
Comment
A target of $160 was reached.A broadening formation pattern appears to be forming/formed. I would expect a pretty dramatic sell off because of this.
This will either occur in the next hour or so. Or there will be one more wave which could take around 6 to 12 hours to form.
Either way keep an eye on it.
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