I now know that the sat value skews perception on the potential price action on the other coins OmiseGo has in fact completed a full elliot wave cycle If we look at the USD chart.
Neo has been a textbook Elliot wave it even fell and caught at the tip of wave 4.
I dont know could be one of those cases where we sell on good news buy on bad. And only good news has been coming out about NEO this tends to indicate the finale of a bubble cycle and a correction to the previous trend. I havent sold all my NEO. Sold most of it. I dont like good news lol. The more good news the more skeptical I am that things will keep going up
OmiseGo
Here is a chart I made awhile back. I think the SAT Values skews the elliot wave count a bit. In dollar value OmiseGo has completed a full cycle
Elliot wave appears to be a technique to help predict exits and the length and strength of a trend. I think elliot waves should be used for hype cycles. I think if no more news about OMG comes out we could correct down to 9000 sats. However there is the possibilty that we could catch and consolidate on the 14000
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