BITFINEX:NEOUSD   NEO / U.S. Dollar
Neo could be completing wave 1 Impulse.
Target here for top of wave 5 is 27.14.
We should see a sharp decline at the end of this wave. What will prove an impulse if we start seeing some bullish divergence at around $16-18
if we don't, it is likely we will see lower lows.

Comments

Truth is...nobody knows where this is going?? Really depends on how far back your count has gone. Easy to pick the count up somewhere and go "O.k this looks like 5 impulse waves up, and this is an easy abcde correction, so this must be waves 1 and 2 of a larger wave structure"...It's extemely hard to figure out where we are in the count.
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@dab1rd i guess they didnt read the part that wave 3 cannot break the wave 1 high !!! This count is so invalid for so many reasons i dont even have time to list them i suggest you pick the book back up and start reading and YES it is also invalid for a LD
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@DC618, Please humour me with your thoughts on current pattern :)
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mfibbs DC618
@DC618, What do mean wave 3 cannot break wave 1 high? Your an absolute idiot .
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@mfibbs, LOL my exact thoughts
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dab1rd River-crypto
@River-crypto, I think he means wave 4 cannot overlap into wave 1 territory unless it's a diagonal... and no it's not a diagonal.
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you should open a book about elliot wave
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@dab1rd, Please enlighten me with your thoughts.
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