We are at an exciting time for the Cryptosphere! Can you sense it also? Once prices start breaking out, segment at a time, jaw dropping, orgasmic moves will be seen. What I mean by segment at a time is that first Bitcoin and the top 5 or 10 will skrocket followed by the top 20 segment and then the Altcoins. DO NOT underestimate the Altcoins, despite their tardiness in the rally, their % gains could be unbelievable! IF this is the breakout for NEO and remains decisive, then the below chart is showing the earliest signs of the next Bull Run!
Similar to Bitcoin (BTC), NEO broke out of the parallel channel and as long as it remains above it; greatness in new price heights are not too far behind. NEO is following Bitcoin which is the moon that moves the tides in the Cryptospere Oceania and all coins swim in it.
The longer term perspective shows a new impulse developing to ramp towards the $300 target and then $328 or so. The subwaves of blue wave 3 are labeled and the 3 of 3 will be a sight to behold.
The Forest View for the next 12 months or so could resemble the below chart. IF Fibonacci has any influence, the $350 zone and the $547 zones will represent MASSIVE profit making targets.
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Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
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Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
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