NEO - The beginning of wave 3 from bullish with the target $100
The first 5 uptrend waves started at the level of 3.89, has ended at the range of 25.85.
The corrective wave of this trend was very complicated and in the form of Expanded Flat and Double Zigzag patterns, which is completed in the range of 12.21, that is equal to 0.618 Fibonacci ratio. Currently, by crossing the price from the range of 21.82 (the end of X wave) and breaking the downtrend line, we can be hopeful to get the following targets.
First target: $ 42
Second target: $ 47
The third and final target is $ 100
The corrective wave of this trend was very complicated and in the form of Expanded Flat and Double Zigzag patterns, which is completed in the range of 12.21, that is equal to 0.618 Fibonacci ratio. Currently, by crossing the price from the range of 21.82 (the end of X wave) and breaking the downtrend line, we can be hopeful to get the following targets.
First target: $ 42
Second target: $ 47
The third and final target is $ 100
