NEO BTC - Fundamental analysis + Elliott Waves + Fib Extension !
Hi guys!
Fundamental analysis
NEOUSDT
has a great project, team and community behind it. Some say NEO is China's Ethereum but watch this video from Da Hong Fe i (NEO's founder) which he explains on it how NEO and Ethereum are different and why NEO has a bigger vision in Blockchain Technology.
https://www.youtube.com/watch?v=tO2zu_SMjt4
TA:
NEOBTC
going through a ascending channel in recent days which been broken by sudden
BTCUSDT
price decline and whole market correction. (We're forming new ascending channel now)
According to Elliott Waves analysis in macro level we're now on 2nd wave, and we're trying to begin 3rd wave which can take us to 0.010205 price (Fib Extension level 1). potential 25% profit from this price level !
If everything goes right we can reach 0.011750 price (Fib Extension level 1.618) in 5th wave on upcoming days. potential 44% profit from this price level !
It's a complicated market situation right now, some believe alt coin season has already began but some still believe we need more time and more market correction to see new all time high price for alt coins.
P.S: I'm not your financial adviser and do your own research. I'm a newbie on TA but I'm trying to share my knowledge and helping community to grow.
Fundamental analysis
NEOUSDT
has a great project, team and community behind it. Some say NEO is China's Ethereum but watch this video from Da Hong Fe i (NEO's founder) which he explains on it how NEO and Ethereum are different and why NEO has a bigger vision in Blockchain Technology. https://www.youtube.com/watch?v=tO2zu_SMjt4
TA:
NEOBTC
going through a ascending channel in recent days which been broken by sudden
BTCUSDT
price decline and whole market correction. (We're forming new ascending channel now) According to Elliott Waves analysis in macro level we're now on 2nd wave, and we're trying to begin 3rd wave which can take us to 0.010205 price (Fib Extension level 1). potential 25% profit from this price level !
If everything goes right we can reach 0.011750 price (Fib Extension level 1.618) in 5th wave on upcoming days. potential 44% profit from this price level !
It's a complicated market situation right now, some believe alt coin season has already began but some still believe we need more time and more market correction to see new all time high price for alt coins.
P.S: I'm not your financial adviser and do your own research. I'm a newbie on TA but I'm trying to share my knowledge and helping community to grow.
Order cancelled:
Elliott wave got failed due to market's bearish momentum