Time to spike up! Easier to see on the 5min charts, but it looks like we're about to finish correct and possibly go to the 1.0 (play with how you set up your fib retracement to choose a good target, mine was rough and quick).
Sorry I didn't post this early! There's still a nice 13% (ish) sitting in there. This is confirmed both by our correction and by our C target. Will it go to 1.0 or will it go to C? (Or should the C be at 1.0?) Either way, time to long!
It seems like we're getting to the bottom of our X and preparing to go our Y. B is exactly at the 0.5 of A, strengthening this prediction that we're at the end of our C (it's the same size as A). There's no guarantee we're on a rising correction (as oppose to a flat, meaning Y would be lower), but it seems like we should be breaking the top this section soon to...
Be careful of this one, if it goes through, we have a resistance quickly above the handle. If this pattern follows through, feel free to ride to the resistance, but be careful as it could go either direction from there. It may be likely that it goes down, forming a huge bearish flag (I'll make a post about this later if we get close, check IOTA's 1H charts).
We may be looking at an ABC pattern from NEO as it recovers from a large downtrend. I'm not totally sure how high the A will go or how low the B will go (those are just some guesses), but after the B, it'll be time to buckle up and get ready to fly to C!
There's only been two hits on the bottom of the triangle so there's no guarantee, but it seems like that shape is taking form. Because these resistances are so weak it will likely be a shorter "spring", so wait for a break through the resistance and don't expect a large haul (.0160 perhaps).
If we see it breakout about the resistance, I expect we'll have a small surge! Get ready... Target would be the next resistance up (see the previous bump before dropping to the double bottom)
This could be a pitstop before shooting up again. Keep an eye out for the price breaking either the top or bottom resistance/supports.
EDIT: Stop is a little lower than I intended. If it breaks, buy and then place a stop below the support.
We've had this consolidation for a while, and a break above or below it will force the price out in that direction. If we break this triangle downwards, it could mean breaking the 1145-ish resistance. This could be the big ADA correction that we've been waiting for as the hype dies and the price corrects.
