Crypto Contest August 20: Neo
Neo has broken out of the triangle pattern in the four-hour chart.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, Neo began a wave one advance on January 4. The wave one finished on June 19, and the wave two correction ended on June 26. The wave three advance finished on August 13, and the wave four correction ended on August 18. If this wave count is correct, Neo should be heading next towards the August 13 peak in the wave five.
(Chart courtesy of Tradingview.com)
If you think this analysis is correct, upvote this post and upvote the comment "Neo will takeout the August 13 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "Neo will drop below the June 26 low".
If you think Neo is in a range, upvote this post and upvote the comment "Neo will stay in a trading range between the June 26 low and the August 13 peak until September 20".
You can upvote the comment until 3 PM EST August 21 and you can upvote only one comment. 50% of SBD from this post will be distributed equally to the winners. The winners will be determined by the price action (which one happens first). Only participants with a Reputation of 35 or more will qualify in the contest.
Neo will takeout the August 13 peak (26 voters as of 3 PM EST August 21: bleujay, gregory-f, simonjay, lydon.sipe, catena, ahinga, flemingfarm, skririm, kooshikoo, damla, eirik, cassidyandfranks, anetchen, abh12345, psilacetin, ragnaros, miniature-tiger, c-c-c, allmonitors, digitalking, carlosdaniel, wallsnow, ufotrok, sweethoney, sevinwilson, me-do).
Neo will stay in a trading range between the June 26 low and the August 13 peak until September 20 (19 voters as of 3 PM EST August 21: freiheit50, twinner, tzap90, cryptotem, lucasgabd, themovieplace, starline, yefet, migo25, mirda, jznsamuel, coolthings, costanza, twinner21, pinagpala, dlina-v-metrah, andy23, mela, freskil).
As always, thank you for featuring NEO my favorite coin :)
Thanks Robert. My pleasure.
You won.
Neo will drop below the June 26 low (4 voters as of 3 PM EST August 21: osmanbugra, libert, mprgrmmr, lig007).
This is so valuable.
Learning here. Wondering why you think it will fall below June 26 low?
And when?
I am not expecting it to fall below the June 26 low. It is just one option in the game.
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STOPAs I'm refusing to use a bot to vote on posts where I try to vote on on a daily base, like this one, I feel proud to be a participant in your game for the past 28 days in a row! 😎 I love this "game"! Keep up the good work! And oh yeah, for this one, Neo, it will definitely go way more up the coming weeks!
Thanks Martha. Let's see how far the wave five travels. Could be easy double from here.
You're a wizard at this!
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