You are viewing a single comment's thread from:
RE: NEO Breaks Down, But Also Up! (What?) + Litecoin
Thank you for your charts and analysis. What do you think of GAS? Some people think it is undervalued compared to NEO. Triangles are for me more an indication that the traders are waiting for a direction to occur. When the triangle breaks it is not so important where the first breaks happens it is more important that the resistance or supportlines that are outframing the triangle get broken...thats the signal to trade!!! @masterthematrix
No problem @cryptoheads!
I can see why some people would think GAS could be a better investment short term, but I personally prefer NEO. You can get the best of both then.
I think the reason people think GAS is undervalued because the supply is pretty low right now, and you need a lot of GAS to launch a smart contract on the NEO platform.
It might be an idea to have both, just in case development on the NEO chain ramps up and the need for GAS increases.
Thanks for your thoughts on the Triangle patterns too! I'm still learning as I go along. :-) That is very interesting tip! Will keep that in mind.