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leopisbig
Jan 15, 2018 11:42 AM

Did #NEO reach the top? Short

NEO / DollarBitfinex

Description

  • #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.
Comments
MisterCh0c
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