Looks like we might have a Head & Shoulders pattern forming which is generally a reversal from bullish to bearish. If we are unable to break the resistance at ~$34 I would expect a strong downward trend to at least ~$26.
If BTC is able to break above $4450 then I believe we'll see the NEO trend follow through with Wave 5 and hit the ~$41 target mentioned in my other post. I'll be looking for NEO to break above $34.25 to consider entering for the $41 target. However, if the Head & Shoulder completes I'll be reevaluating reentry at ~$26.
** Comments and critiques always welcome especially conflicting analysis ideas.
** @CAG_CryptoTA
If BTC is able to break above $4450 then I believe we'll see the NEO trend follow through with Wave 5 and hit the ~$41 target mentioned in my other post. I'll be looking for NEO to break above $34.25 to consider entering for the $41 target. However, if the Head & Shoulder completes I'll be reevaluating reentry at ~$26.
** Comments and critiques always welcome especially conflicting analysis ideas.
** @CAG_CryptoTA