Cup and handle everywhere.
Bullish divergence on the MACD.
Parallel channel: higher highs and higher lowes.
We have clearly put in wave 1/5 and 2/5. You know what's next.
Long term price target: 30 dollars.
Risk : reward ratio can't get any better.
I think NEO needs to correct a bit more before we see wave III into play.
The bottom will likely be at 0.0636 BTC.
After that we will see a big opportunity.
Chart shows long term view, with an expanded 5'th wave, like we've seen so often in the crypto world.
On the other hand we have Haejin, who is a master of Elliot Wave and patter recognition that has a...
Pro Bullish movement:
1) Money flow is rising.
2) It formed a nice flag. When the breakout occurs, potential profit is 96% from the breakout point. (calculated by taking the height of the flagpole from the point it broke above major prior resistance. Prior resistance would be the blue line.)
3) The volume during the lifetime of the flag has been decreasing....
Bullish points:
1) Ascending triangle
2) Stochastic RSI oversold
3) A - B - C correction seems to be done. After a correction we all know what follows.
4) Wave 5 has started to be placed in. We have seen that in the crypto market wave 5 tends to be extends, thus we are looking at massive profits!
