NEO Update: Is the abc done yet?

in #bitcoin7 years ago

Here is a closerup of NEO chart. I've labeled the 1,2,3 wave rise and subdivided wave 3 into i,ii,iii,iv, v to show confirmation of count. It's always good to subdivide the waves to double check that your count isn't off. It also allows you to confirm form and fit of the waves. If the waves just don't look right, then I often pass on it to the next crypto. For instance, I would have passed on populos and veritaseum charts.

Now, abc is in progress. I've labeled a and b as being complete and c is underway. So, how far can c retrace? The rule is often to the prior wave iv (marked with arrow). Now, given the parabolic rise NEO has had, don't be surprised if c retraces past wave iv as it's at times the case. The good thing is that wave 5 up remains and this is when you should consider laddering in buys to catch it!


If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
BTC Wallet - 19gHMJc9wi9KkP47wokz8y4cFNgz1kAAUE
ETH Wallet - 0xf83641dbf1a53498eae6d0d568c969790da48a36
LTC Wallet - LU1mEw1LHvffoWf9VDEVdP7Day4jv6VLqu
EOS Wallet - 0xf83641dbf1a53498eae6d0d568c969790da48a36

Legal Mumbo Jumbo: This is only my opinion, make of it what you wish.

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good - resteem

I kinda think the same, probably why I topped up my supply. NEO has a lot of untapped potential and could quickly get to the 80 dollar mark. Keep up the good work! :)

Wow, $80 would be sweet!

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