SUMMARY
After a vertical move up in five waves, NeuCoin (NEU) initially declined in a channel and which morphed into a convex roundish wxyxz correction which is still in progress; except its currently probably in the latter stages. The below chart outlines the wide rounded price pattern and NeuCoin is more than 2/3 complete.
The basin phase is when the very bottom of the rounded price formation is being placed often this is literally a near horizontal sideways price action (blue rectanble). Elliott Waves show that the channel was likely the abc subwaves of a higher degree of trend white W followed by the X,Y,X and Z. The final Z wave is almost complete. What does this mean? Well, the MACD is also near fltaline; the most boring mode of consolidation; but it still works. The blue arrow line projects a potential MACD pathway which would also help define the price action to build the right side wall of the rounded price pattern. Timing for this to likely initiate could be some time in early May or so.
Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: 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.
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
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Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
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i thought neo... nice analysis. keep it up
What do you think about this analysis?
tremendo lió con esas bitcoin
Thanks for the great TA haejin,,have a great night
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I think it will make a side wave movement before 12345 impulsive wave begin.thanks my dear , i am also finish learning how to apply elliott wave principle by following you.
thank you for a good insight into.
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