NEOBTC - Two step retracement - Bullish

NEOBTC or the Chinese Ethereum, has been suggested to buy as a long term hold for altcoins. It's been on a run and its peak valuation reached 2Billion USD. The first corrective swing saw price drop 44percent in 5 days. The next step of this pattern terminates at the retracement level 0382 of the overall swing and 127% extension of the first swing and support & 44percent decline in price in 5 days (symmetry) this gives us a good indication that bulls will be here as there is confluence. I have drawn in a TL just to see what this would look like. This is a good long term hold if you are building a crypto coin portfolio.