SUMMARY
Neblio (NEBL/BTC) couldn't be more vertical in its impulse up than shown below. Such moves are NEVER sustainable and only blind greed allows one to slip into such false belief. Post the extended 5th wave, the correction thus far has placed abcde waves. The resulting breakout need to be viewed with a degree of suspicion.
Subwaves confirm the abcde markings and the breakout thus far doesn't yet represent an impulse wave upwards. Since the earliest indicator of a trend reversal is a full motive of impulse; that has not yet occurred.
More specifically, what I mean is shown in the below chart. While the breakout looks quite genuine thus far; the correction could lean towards the blue wxyxz pathway. No need to rush.
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