- #NEOUSD is currently at around $162 and could not break above the previous ATH.
- Between these tops, RSI started to lose its power @ 1H chart, this is a sign of a correction.
- My Elliott Wave count showed me: this was the end of the 3rd macro wave and we could be in the 4th wave.
- For the mid run, we may see $200 but first the correction.
- The next support zone could be in $120-$140 range.
Comment:
There are negative divergence formations in different frequencies.
Comment:
The top could be around $200.
Trade closed: target reached:
As expected, NEOUSD corrected to a lower level. There may be another correction in the next 1-2 days if BTC corrects below $10k. I still expect the price decrease to $120-130 range.