NEO - The dynasty collapses
A lengthy process of reduction has caused the NEO king to fall completely. In less than 200 days, NEO has lost more than 80% of its value, and in our opinion this number will be over 90% in the coming sessions:
i. The wave area : NEO continues to swing in the downward trend formed in this wave area (3), price movements fluctuate continuously: down 1866, up to 3594 and continue to fall to 1482. In this area if you want to trade we recommend you set a lower target price than expected.
ii. Wave reversal area : In this area, NEO moved from 1482 at and reversed to test the strong resistance at 4724 or lower. In our opinion, NEO will go back up to test the bottom again at area at 1002 to form a reversal wave.
iii. Back to the uptrend medium-term trend: The correction zone is formed after with a good target price. We recommend placing the following commands:
EP: 1010
TP: 6449
TG: 9761
* The target price difference of 5% will set SL
** Price fluctuations can vary 1 level of fibonacci
Thank you very much!
A lengthy process of reduction has caused the NEO king to fall completely. In less than 200 days, NEO has lost more than 80% of its value, and in our opinion this number will be over 90% in the coming sessions:
i. The wave area : NEO continues to swing in the downward trend formed in this wave area (3), price movements fluctuate continuously: down 1866, up to 3594 and continue to fall to 1482. In this area if you want to trade we recommend you set a lower target price than expected.
ii. Wave reversal area : In this area, NEO moved from 1482 at and reversed to test the strong resistance at 4724 or lower. In our opinion, NEO will go back up to test the bottom again at area at 1002 to form a reversal wave.
iii. Back to the uptrend medium-term trend: The correction zone is formed after with a good target price. We recommend placing the following commands:
EP: 1010
TP: 6449
TG: 9761
* The target price difference of 5% will set SL
** Price fluctuations can vary 1 level of fibonacci
Thank you very much!
