Gas

Although some may just call it a byproduct of NEO holdings, isn't that the entire point of why GAS is so great!? It's earned for free by those NEO (or Ant Shares) holders that have been holding tight and keeping money in the cryptocurrency platform.

The latest cup & handle pattern forming on the daily GAS chart (highlighted in purple on the chart below) looks very convincing, but as always, volume is king and without enough of it, we shouldn't expect to see the gains we might expect (see yellow ellipses highlighted in the chart).

As with any analysis, it is always important to gain confirmation that the pattern is true and correct. In the case of GAS, unfortunately, it looks like we will only know at the point at which the price has already broken down the "handle" and takes off as expected.

If you have free GAS, this shouldn't be a problem, but for those buying, I'd recommend extreme caution as the market has been chaotic lately and there's only so much money to go around!

Daily view of the GAS (NEO) chart with cup & handle and trading volume highlighted

This is just one view of NEO GAS and is not financial advice. You should always do your own research and only invest what you can lose to afford.

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