NEO: Two Potential Landing Zones
SUMMARY
NEO has experienced a meteoric rise since last Summer. The impulse waves show that a requisite correction is in progress and that a,b,c could mean that the bottom line of the broadening triangle needs to hold as support. Would it be feasible for the support to hold if Bitcoin declines to $8k? Likely not. The two horizontal lines represent the potential landing zones towards which five waves can be placed. However, until the support is decisively breached, jumping the gun might not be the first reaction to take.
Legal Disclaimer: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.
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All of the alts are tied to BTC, like it or not. And all of their price movements will be in lock-step with BTC as well.
Hey master! Would be great to see how you predict the future EW for Neo, longterm targets etc.
I made an extension to your Siacoin analysis with some additional key points. What do you think?
SIACOIN (SIA) - Analysis (414% POTENTIAL PROFIT) — Steemit https://steemit.com/cryptocurrency/@benkalashnikov/siacoin-sia-analysis-414-potential-profit
This is why Bitcoin dropped again: https://steemit.com/bitcoin/@investingtips/why-i-see-another-crash-for-bitcoin-and-the-general-crypto-market
Yeah i believe nothing anymore. If its easy plz do on your own and just get rich...
In my previous idea about NEO, I called to short it. Since this time, NEO broke 3 downtrend line, and now trying to break horizontal resistance line 0.0145.
Usually after breakout, price retesting previous resistance as a support level
https://steemit.com/bitcoin/@vonbuelo/neo-neo-is-not-cheap-now
My prediction is that we're in the end of a 5th wave and will correct at least 50%.
I'd recommenced analyzing the USD pair instead, the BTC/NEO pair distorted. (not a true reflection of sentiment).
I Agree
I agree
Next few days will be bumpy, but until the dust settles, I see NEO like this...
Keep it up Haejin! Steemians! Hello. Please also see the material I'm offering for the community. Currently growing fast with over 70,000 followers/subs on Youtube, Twitter, and Steemit. Goal is to provide educational technical analysis material free to the public.
https://steemit.com/@philakonecrypto
I liked your videos!
Support has not decisively broken for NEao like srezz says it's possible that Ethereum and Neo still continue to be resilient to BTC dips only time will tell
Great point to not jump the gun @haejin . Support looks to be around $120 or lower so maybe cast a ladder in that zone.
greetings and good post ,,,, as always giving my support I wait for you in my blog to receive yours, thanks
how great!
Upvote pliss 🙏 https://steemit.com/cointurk/@oznev/ripple-coin-nedir-cointurk-11-projesi