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sebastian.seliga.7
Mar 14, 2018 10:06 AM

#NEOBTC - close to the demand zone, upward rally possible? Long

Neo / BitcoinBittrex

Description

After the end of the C-wave rise cycle at the level of 0.015, the NEOBTC is in the upward trend corrective cycle, which has now taken the shape of a complex correction WXYXZ.

The price is approaching the 50% Fibo level of the previous swing up, which is right in the middle of the demand zone between 0.0076 - 0.0090.

If the correction cycle is over, then in this zone there should be at least a momentary reflection towards local resistance at 0.0094 and 0.01030.

It is possible that the reflection may be stronger and reach even 0.01111 or a little higher, straight into the pink zone of supply.
Comments
Dimmisimo
thank you for the great chart!
megalo99
Thanks, Seb!
AjnoudaSikret
Thank you. Aaaand NEO USD?
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