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meszaros
Nov 3, 2019 4:25 PM

NEOUSD before the 32% decline.... Short

NEO / DollarBitfinex

Description

The similarity of the fractal sequences in the analysis is given by the same percentage of the initial rise. Although I have written about this many times, I repeat that comparing the percentage is because the vertical scale is logarithmic. So the rule is to measure the percentage of displacements. For linear scale division, vertical measurement is done with points. But back to the analysis. My assumption is that a similar fractal structure can be formed as the first fractal. Therefore, the exchange rate target price is US $ 7.59.
Comments
bellla13
this is amazing most of your forcast is correct
meszaros
@bellla13, Thanks.
meszaros
Thanks for the comment. I agree with you.
Captain_Walker
I correction is likely as well, cuz the punters are likely to get the jitters at structure/resistance level.
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