Longterm target Idea NEO/USDNeo made a high end 2017 beginning 2018 but failed to make a new High during the bullmarket in 2021. Because of that we can draw in a very nice and big bull pennant. This pennant is allready 4 years old which is a very bullish sign when we break out to the upside of the Triangle.
Second we can see a 1st Leg in Elltiot wave theory and a nice Leg 2 down which ended in March 2020. we are currently in big leg 3 and within that leg 3 we have again 5 subwaves. In the subwave we start probably with Wave 3 which can't be the shortest in this theory.
In combination with Elliot wave and the calculation with the bullpennant Neo has a massive upside potential for the next 2 years.
1st resistance at $14 (around 90%move)
2nd resistance at $ 29 (around 350%move)
3th resistance at $53.96 (around 730% move)
big wave 1 was 147480% which means 1474x your money
big wave 3 could give a 86000% move which means 860x your money but wave 3 can't be the shortest so it could be even more!
