ThePuma

NEO potential buy-in

BITFINEX:NEOUSD   니오
There's tons of opportunities coming up. NEO appears to be one of the good ones. It previously retraced and bounced from the .618-.65 golden pocket. Since then, it has followed Bitcoin pretty closely in activity. It tested it's own resistance line, just like Bitcoin, and then broke that resistance line resoundingly. In my opinion, it is preparing to enter subwave 3 of wave 3.

My opinion is based on multiple factors. Subwave 2 has retraced to the .786 level of subwave 1. This retrace has allowed the indicators to reset such as RSI.

A simple 1:1 fib of the long-term wave 1 says that wave 3 should reach levels near $250.

Charts and comments are not financial advice: they are only the opinion of the author.

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