NEO Selected the ABC

in #neo • 6 years ago (edited)

SUMMARY

The other week, I had posted the below chart for NEO with a likely ABC correctoin or a probable abcde. Much depended on the direction of Bitcoin as NEO is pretty mature in liquidity and a prolonged correction might not be as necessary.

The ABC was selected, though the C wave reached to $62 or so. IF the abc is complete, then the curren rise needs to morph into an impulsive rise.

The corrective wave can be counted as wxyxz and if so, the final z wave is expected to lead to a minor lower low. The rise from wave C was impulsive if viewed in 30 minute resolution.

The next round of impulse should take price to high highs and ideally, once the 5th wave is complete, price could tag the upper levels of prior wave B.

Legal Disclaimer: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.

Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?

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#money #cryptocurrency #blockchain #altcoins
6 years ago in #neo by
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    • [-]
     6 years ago 

    NEO/USD

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    3 votes
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    [-]
     6 years ago (edited)

    NEO/USD

    53535

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    2 votes
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    [-]
     6 years ago 

    E wave would have an abc composition and not a five.

    [-]
     6 years ago 

    Bitcoin and the alts seem to be stuck in a narrow range. Looking for the news to cause the next breakout....either way.

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    1 vote
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    [-]
     6 years ago 

    Patience on NEO, it will make MAAAASSSIVE PROFITS!!!

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    2 votes
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    [-]
     6 years ago 

    MASSIVVVVVVVVVVVVE!!!! WELL SAID BUY NEO TRANSFER IT TO YOUR OWN WALLET AND COLLECT GAS FOR A YEAR AND THEN OPEN THAT TIME CAPSULE AND BOOM$$$$$$$$$$$$$$$$$$$$$$$$

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    [-]
     6 years ago 

    I'm getting around 400 gas per year. It's nothing short of incredible.

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      [-]
       6 years ago 

      Wish I could afford to buy some need but go no cash left to invest in crypto right now.. :(

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        [-]
         6 years ago 

        Bullshit haejin, same story for bitcoin from last month just stealing rewards.
        Everyone think for a min from last month he doing zigzag dingdong bull wick and bear wick,bullshit trainagle bullshit waves.
        Ripple going to $15.44
        XVG massive profits
        EOS first going to 46.80 in december
        Then he said going to $3 then now again going high.
        In this market situation he don't know how to react because he only know elliot waves & bullish market ends.Now he confused because he is inexperienced.
        Even he don't know about support and resistance.
        Check his 2 days ago analysis where he mention resistance for support.
        Price bounce back from that area & haejin call it resistance. Bullshit.

        @lordoftruth one TA today more better than this crap.

        https://steemit.com/bitcoin/@lordoftruth/bitcoin-trend-13-02-2018-uptrend-likely-persist

        [-]
         6 years ago 

        I really love the NEO project. It has a great future ahead with good payout in GAS.

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        1 vote
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        [-]
         6 years ago (edited)

        What about a possible S-H-S formation?

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        2 votes
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        [-]
         6 years ago 

        That's very good! And Volume confirms as well. So the key would be for price to go above the Neck Line.

        [-]
         6 years ago 

        Thanks. Yes that's why I am keeping a close eye on it and if it breaks I will go long.

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          [-]
           6 years ago 

          So annoying we can't see the charts due to low ratings!! I am hoping that it has completed it's correction and NEO takes off again. Great project.

          [-]
           6 years ago 

          you can see the charts by clicking on the show images option.

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            [-]
             6 years ago (edited)

            We should tell people like asiahaijranajma (-5) to go away. If you just ignore this clown, you are telling him that it's ok. It's not ok. If you ignore the elephant in the room, the elephant will stay, but the good people around it will disappear. Pretty soon, another damn elephant will come and join.

            [-]
             6 years ago 

            hay man there is no images showing for this post ??

            [-]
             6 years ago 

            neo will start rocking soon

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