jalele

NEO/USDT elliott wave tripple combo correction

Short
jalele Updated   
BINANCE:NEOUSDT   NEO / TetherUS
Following btc's correction. We're getting a bounce off of key fib support and oversold rsi on the 4 hour chart. On the daily, like bitcoin
RSI mainly overbought. So we should see the slide down to continue.
Comment:
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Almost spot on for our short target, from here I believe NEO will push 1-2% higher then break down again with BITCOIN. IOTA and EOS are leading this trend, but bitcoin is steering the wheel. Bear market continues, so try to play the bounces and take 4-10% gains and get out quick. Volatility is slowly dying down, which is good to start finding the floor. As that happens, traders will walk away from the market, and investors will walk in. That will be a great time to go long on BTC and top 20 alts, for fundamental reasons.

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