SUMMARY
NEO's daily MACD is turning up! This coudl lead to a Bullish Cross and a buy signal...it has NOT happened yet. The chart below illustrates a broadening pattern and IF the buy signal is given, then price is likely to race and touch the upper blue line. The lower blue line has to hold as support.
The NEO/BTC has recently completed a five wave impulse upwards (white) and is not either correcting in an abc (red) or coudl morph into a triangle pattern. The MACD seems to concur to this direction...corrective. The prior abc correction after the blue wave impulse was quite long and elongated and sideways which still counted well as an abc. Likely, the current correction could be longer than expected...in other words, more sideways action.
Legal Disclaimer: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.
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