NEO had what could be construed as a Bearish Gartley. The first target of $123 was reached a few days ago.
Now, this was after a completely unexpected event: the fall from $146 days before the expected airdrop.
I didn't expect this. In fact, there was a bullish pattern before that & we had a break out for NEOBTC. I don't really follow the news, but there you have it.
The "second target" of this bearish gartley would be a full $100 drop (XA = D-target). That's a bit extreme in my view, but not impossible.
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Gigantic crash
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When I wrote this one it seems hard to imagine, but now the $46 target is very close. If & when BTC retests 6k, NEO is likely to be under $46.
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NEO already reached the target!
but, since BTC's outlook is still very beraish, NEO can go even lower.
I see btc right now going to 9.3K if it goes to 7.5K the next step is 4.7K and 1.6K and 166 dollars :))
DrJLT
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@EduardoRamirezdb, no, bitcoin is going to 100k
UnknownUnicorn2450418
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@DrJLT, sure i see the target in the charts, but it depends on the order it happens, because all the targets are going to be hit, but it depends on what order
It really depends if there will be major bear if yes to got xa first on 0.62, second to 1.27 and the third to 2.27 but it`s to much for that to happen right now
DrJLT
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@EduardoRamirezdb, xa to 2.27 would be negative :D
UnknownUnicorn2450418
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@DrJLT, Than do on the other one, you can combine them to find points of sideways and heavy resistance, but the targets on the fibs are the same, check my charting for btc -
UnknownUnicorn2450418
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Do the fib on the XA :)
DrJLT
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@EduardoRamirezdb, first target was 0.618 of CD. shouldn't do it on xa
UnknownUnicorn2450418
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@DrJLT, on short term yes, but on long term if you chart btc you will see that is xa in a bear market to target 3