SUMMARY
The other week, I had posted the below chart for NEO with a likely ABC correctoin or a probable abcde. Much depended on the direction of Bitcoin as NEO is pretty mature in liquidity and a prolonged correction might not be as necessary.
The ABC was selected, though the C wave reached to $62 or so. IF the abc is complete, then the curren rise needs to morph into an impulsive rise.
The corrective wave can be counted as wxyxz and if so, the final z wave is expected to lead to a minor lower low. The rise from wave C was impulsive if viewed in 30 minute resolution.
The next round of impulse should take price to high highs and ideally, once the 5th wave is complete, price could tag the upper levels of prior wave B.
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