Hello Crypto lovers! We have seen a sharp and quite impulsive bounce from April lows on BINANCE:NEOUSDT. Five waves up can be unfolded, which gives us the first evidence of a bullish reversal into wave A/1. As we know, after every five waves, a three-wave pullback follows. So, at the end of April price slowed down and dropped into correction, as you can see, with three waves (A)-(B)-(C) back to around 61,8% Fibonacci retracement into wave B/2, which is actually ideal reversal zone in EW theory. That said, this could be a very nice bullish setup for wave C/3 towards new highs, but first we want to see an impulsive bounce and for now we are just watching and waiting. If we get that bounce with five sub-waves, then this could be a good evidence that NEO is turning back into bullish mode, especially if breaks above previous wave A swing low at 78 level, because this would be our bullish confirmation and we could see much higher levels above 100 for wave C/3.
I just dont get how some ( Dark Energy and other jumpers) have so many views and likes and here you can see actually analysis that has meaning and true wave count and has less viewers.
Keep up your good work :)
ew-forecast
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@Toivo, hey! Thank you. They have so many views because they are more active on Tradingview, with activity comes reputation and with good reputation your analysis is posted on the top of the homepage. We have our service and our customers and we don't have much time to publish here all the time. Thanks once again!
AssetWiz
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@ew-forecast, well... fair enough :) You are very welcome ;)
Keep up your good work :)