Crypto Contest January 25: Neo
Neo (NEOUSD) has broken out of the triangle pattern in the four-hour chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, Neo began a wave one advance on December 8, 2017. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on December 19, 2017, and the red wave two (blue sub-waves a-b-c) correction ended on December 22, 2017. The red wave three (blue sub-waves i-ii-iii-iv-v) advance finished on January 15 this year, and the red wave four correction ended on January 17. If this wave count is correct, Neo should be heading next towards the January 15 peak in the red wave five.
(Chart courtesy of Tradingview.com (log scale))
In the daily chart, I believe Neo is currently in the red wave three (blue sub-wave iii). The blue sub-wave three began on December 8, 2017.
(Chart courtesy of Tradingview.com (log scale))
Looking at the weekly chart, Neo is most likely in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Neo is the "Ethereum of China". The next potential catalyst for the token is the Neo DevCon in San Francisco in 5 days.
(Sources: https://neo.org/ and http://devcon.neo.org/)
If you think this analysis is correct, upvote this post and upvote the comment "Neo will takeout the January 15 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "Neo will drop below the December 22, 2017 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 December 22, 2017 low and the January 15 peak until February 25".
You can upvote the comment until 3 PM EST January 26 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).
Bonus
I will be sending one Trophy Token to everyone who manages to get these crypto contests right seven times in a row. If/when you accomplish this, please contact me at Steemit Chat with your BitShares address.
Neo will stay in a trading range between the December 22, 2017 low and the January 15 peak until February 25 (33 voters as of 3 PM EST January 26: helikopterben, abh12345, me-tarzan, nicolaepavelean, ace108, gregory-f, twinner, lucasgabd, catena, me-do, coolthings, ahinga, osmanbugra, mirda, cassidyandfranks, jozef230, freskil, yefet, libert, alexandra2000, mark.feuerborn, elisablogs, diogosantos, trollo, exfactor, anjelik, liberton, kulate, greengirl, mim4min, ellycome, joyce99, gloria224).
say range baby.
do you organize the contests with a scrypt or some kind of programming to the names of voters and distribution of STEEM, etc?
would love an article on how you do it.
I might write an article on it when I have the script ready.
will love to check it!
You won.
Neo will takeout the January 15 peak (69 voters as of 3 PM EST January 26: bleujay, eirik, steemquestions, heroic15397, soundmoney, glennolua, fitinfun, simonjay, allyouneedtoknow, lydon.sipe, crokkon, jznsamuel, flemingfarm, reconnectnature, mgood, janine-ariane, miniature-tiger, toofasteddie, dlwagner, mihail.tsvetkov, beiker, themovieplace, cryptotem, richard78624, criptorafa, ragnaros, koskl, costanza, andy23, paul.atreides, plumygg, incrediblesnow, portillo, nordina, lavanyalakshman, cata22, huasipi, amfid4846, pallosalama, adekdollah69, nihalmaz, keegzhawkins, acehnature, margaritaradkova, angrybird, tinylayla, greatgatsby, karadere, kalio, abhicrypto, notanengenier, faroel, utkarshvarma, flash-floods, deceth, steemit-up, maverick0524, kanoe, papakli, sarkostas, ilovefashion, janeeliza, jenjenjen, crisbabe21, badbeth, sharychery, mandiamandi, sarah29, coinbizpro).
China's ETH is long term hold for me, great potential for 2018
amazing post my steemit frineds i follow you
Neo will drop below the December 22, 2017 low (10 voters as of 3 PM EST January 26: sqlinsix, starline, gunsmithing, tzap90, gergi6a, barbadosso, charitybot, elice, kingslayer, almaalm).
Just commenting on this to be doubly-sure it's on there. When exactly will the price be determined? A week from now?
The winners will be determined by the price action (which one happens first).
Okay now I get it, if it goes above or below the trading range before feb 25 then either of those win, if not the trading range wins. Thanks!
Correct.
With this one, I definitely hope I am right ;-)
Another day, another great contest!
Today with a coin that we all know and love!
Thanks for the content, @maarnio!
How do you think, will the be any volume decrease on the Chinese new year (17th February)?
I don't know. Let's see. It depends what they want to do in the holiday.
Thanks for the analysis. it helped me
Neo will takeout the January 15 peak.
best post, neo will take peek,, will fly high,, your every post awesome, full with information. i always fallow you,
Neo will takeout the January 15 peak
Thanks.
Please remember to vote the right comment.