Major Correction in Neo

Neo was not spared from the crypto carnage. It dropped to a staggering $31, where it found support at a Fibonacci Fan level, before recovering to $50 which we’ve identified before as a value area. Again, investors should be cautioned that this fallout may continue. Although we had originally defined this phase as Wave 4 of the impulse, it is likely the case that we must redefine our wave to cast current events as our corrective phase.

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