quantguy

Neo Still Bullish but Struggling to Make New Highs

BITFINEX:NEOUSD   니오
Similar to XRP, Neo is chugging along, but is struggling with making new highs. The Kovach Momentum Indicators are still bullish, but we are fairly far from the upper bound of the Reversals Indicator, which augurs more of a retracement. We appear to be in the final phase, wave 5 of an impulse of a 5-3 Elliott Wave, but we must make new highs to confirm this. I'd look to other other altcoins for better rewards.

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