NEO's Two Pattern Probabilities that Can Extend Sideways Price Action
SUMMARY
NEO price action has not shown any signs yet of a trend reversal. However, the correction can be counted in a couple different ways. The below chart shows an ABC with the subwaves of C almost in place with wave 5 currently in progress. Does this assure a correction bottom? Unfortunately, no; primarily because the tendency to sideways extend can't be underestimated.
The second pattern is one that would allow a few more weeks of time and price extension. The ABCDE triangle fits well into allowing a good amount more of sideways action. The MACD is also looking oversold but likely to follow the up and down of the upcoming waves X and Z.
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You're FOMOing and it's a ponzi but i will take a look ...
Thanks Haejin, NEO has always been on my list of Alt coins to buy but I've never owned it, perhaps I'll keep an eye on this correction
What do you think about this analysis?
Read this post while drink a glass of cooffe in this morning.
No coffe no steemit
You should stop drinking coffee!!!
I can't stop drinking coffee because I smoke friend.
thanks, happy today
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