deactivatedaccount123

Is NEO in a C wave retracement?

Long
BINANCE:NEOBTC   NEO / Bitcoin
Once NEO finishes its "C" wave retracement, it should fall to test support, and so long as it is successful NEO should begin an impulsive wave upwards.
Be very weary of Bitcoin movements, because if Bitcoin breaks this bullish run with conviction, NEO will probably suffer.
April/May will be a very defining time in this market, so I believe we should be bullish until around then at least.

Simply, light analysis. Gonna try that for a change. Good luck!
Comment:
Support should be found around the blue line at 2,330 sats.
Comment:
Support should be found around the blue line IF NEO has broken out. If not, support should be found on either the 9d MA or the 25d MA
Comment:
Something else I should mention:
Golden cross on the daily of the 50/100 MA's
;o
Comment:
Broke out of ascending triangleHolding 200 MA on the daily as supportExtremely high volumeLong legged dojiHolding top of A wave as supportGolden cross of the 50/100 MA on the daily

TEXTBOOK long entry IMO.
Comment:
oh wow. That didn't paste as planned, LUL
Broke out of ascending triangle
Holding 200 MA on the daily as support
Extremely high volume long legged doji
Holding top of A wave as support
Golden cross of the 50/100 MA on the daily

NEO is shoiwing an incredible amount of volume today, and it's holding ABOVE A wave resistance. Mind you, this is AFTER the RSI printed regular bearish divergence.
Psychology tells me NEO is strongggg, VERY strong. Even after the dump Bitcoin experienced.
Comment:
This is just a rough draft of what my current count is.
Comment:
Damn, I was close. My ray hit right on the money. Ugh.
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She's good to go IMO.
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Still holding support! So long as NEO continues consolidating above the resistance, it's a buy.
This thing is gonna moon soon IMO
Comment:
NEO is holding incredible support right now above the ascending triangle as well as above the 200 MA.
She's ready to move IMO.
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