After several days from this NEOBTC rally, there seems to be still opportunities to go long.
A symmetric continuation triangle has formed, and also a double bottom at the 0.0045 level.
Uptrend continuation seems to be confirmed with RSI and MACD (not shown).
Before placing and order, it would be less risky to wait for the cross of the MA20 over MA50.
Market is...
Stochi Over Sold. Looking to re-enter at ~440k SAT
NEO.org site remodel has been the icing on the cake for the rebranding.
First ICO token launching coin.red-pulse.com
$NEO Has been going up in steady 30-40% range on every breakout. Right now it's having a bigger pullback than before and may end up either consolidating in this area before local support or heading back to harder support.
Like Neo in the movie the Matrix , ANS ( aka Mr. AN der S on), has become reborn into our savior, NEO .
After battling all the Smith sellers today, Wave 5 has begun and we should begin to fly up to .009 just like at the end of the movie, the Matrix.
Keep in mind that the joy and enthusiasm inherent in full enlightenment may push us to .01 or higher.
Enjoy
Looks like it found support on red area, looking to form Elliot Waves impulse 5, Indicators not showing good signs though, gotta wait for this next candles to show direction.
Parece que encontramos soporte en el área roja, buscamos formar el impulso 5 de las ondas Elliot , los indicadores no muestran señales positivas , sin embargo tenemos que esperar un par de...
NEO went parabolic, a consolidation was what I was expecting. I could have drawn an elliot wave and razzle dazzled you with fancy indicators, but it's simple. Wait for a strong bounce off of a retracement, wait for some strong support and watch the volume. Also keep up with your fundamental analysis, crypto is hype sensitive. Any news could trigger price action....
Conference on 10 aug. This coin is doing exactly doing wath eth did earlier this spring. markup, little draw down(sell on the news for whales) more news... and repeat. You can see my entry "target" may change, and stop loss
Elliot Wave 1 looks to have completed, if the price slightly dips to the .618 fib retracement of wave 1 then I am looking at the target of wave 3 around fib extension 1 - 1.272 of waves 1-2 . However this COULD be a reversal if we see the price dip below the .618 level. Be careful.
Hype and release IMO priced in. 1 week run and more then 100% gains. People are currently taking profits. Tomorrow news will most likely cause another run up and we will get into a temprarly downtrend for the next days.
Good entries:
0.0047
0.0042
