I had to change the overall labeling, due to the very insufficient history data on that pair. The labeling of the December upside breakout can not yet be labelled in a decent way.
Nonetheless the actual corrective patterns can be labelled and do show imho , that the EoD-plunge (End of December-plunge) still needs some mumbling away after the impulsive upmoves / fuel injection of the CC-market that led to the massive and broad SoD-Rise(Start of December-Rise).
On the short term : long and short, wave riding, surfing the corrective waves, enfolding here. No impulsive breakout on the long side expected yet, to continue the long-term uptrend, waiting till the correction can be labelled complete. on the middle term outlook: catch the EoD-plunge corresponding C wave down after evaluating the price-action at the marked market supply zone in red the position trading site of the Cryptos: hybernation mode for now in NEO/USD . switch to neutral to either await the C wave down for a short or grab the chance to long this pair ,at the end of the C Wave to switch into the expected second up-leg , reviving the SoD-Rise.
overall outlook long-term: positive/long
I would suggest this labelled triangeling corrective waves, needing a second leg on the downside in an C wave corresponding to the EoD-plunge A before being ready to start another major upleg somewhere in beg./mid. January.
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yes, looks alright, going steeper north now, gaining momentum...
Do not forget to take the SL on secondary lows with you...
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lokks promising...red is the zone to TP
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either reacting north here ore SL will be hit at 60.80 below the last highs...
, looks we are not heading for an intime up...TP-Zone not reached...
all Cryptos suffering from UP-weakness, though NEO along- DASH is among the strongest...
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That was a winning baby...the TP zone could be reached...
See You next time NEO... hand me the number of that telephone cabin, so I may ask you to go kissing the sky again for us...Thank You...