P_S_trade

Neo. I'm waiting 44 $ until the end of the year!

Long
After last year's buyers were able to raise the price of this coin to $ 200, a long correction began. NEO has fallen 10 times! The fall lasted 9 months.
Wave A lasted for 80 days, wave C lasted for 105 days.
Now, in my opinion, the first wave, which will last until the end of this year, begins to form.
At the moment Neo is traded in the price zone 16.5-20.5 for 50 days. A triangle formed. The upper trending line of the triangle is also the upper trend line of the falling channel, in which the price moves from May 2018 (wave channel C). The lower trend line is from August 2018, after the culmination of the sale of this coin.
The volumes on this coin appeared exactly in the price zone 16.5-20.5 $, so I think, now is a set of positions for future growth.
Therefore, I believe that buyers try triangle up and predict the following targets:
Interim target - $ 30
The ultimate target is $ 44

The price of $ 44 is 0.618 from the C wave, and at 2.618 more than wave 1. Also, if buyers try $ 25.8, a double bottom will be formed. The development of this figure also costs $ 44.

In my opinion, the price may go higher, but then there will be another deep correction. The 44 $ target is enough for me)

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