Crypto Contest January 1: NeosCoin
NeosCoin (Bittrex: NEOSBTC) has broken out of the triangle pattern in the weekly chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, NeosCoin began a wave one advance in December 2015. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in June 2017, and the red wave two (blue sub-waves a-b-c) correction ended in November 2018. If this wave count is correct, NeosCoin should be heading next towards the June 2017 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Neos is a community driven, innovative, incentivized and decentralized blockchain-based social media sharing startup. You can view Neos masternodes stats below.
(Sources: Neos and Masternodes)
If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "NeosCoin will takeout the October peak".
If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "NeosCoin will drop below the November low".
If you think NeosCoin is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "NeosCoin will stay in a trading range between the November low and the October peak until February 5".
(Chart courtesy of Tradingview.com (log scale))
You can upvote the comment until 3 PM EST January 4 and you can upvote only one comment. 50% of liquid STEEM + SBD from this post will be distributed equally to the winners. The winners will be determined by the price action (which one happens first).
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Published by Maarnio
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NeosCoin will stay in a trading range between the November 2018 low and the October 2018 peak until February 5 (15 voters as of 3 PM EST January 4: bleujay, freiheit50, abh12345, gregory-f, mellofello, vicspics, kunschj, toofasteddie, steem-d-anlovnit, reconnectnature, diogosantos, mgood, richard78624, fullcoverbetting, simonjay).
You won. Paid out from @maarnio1
NeosCoin will takeout the October 2018 peak (5 voters as of 3 PM EST January 4: diana.feuerberg, steemit.nemesis, lydon.sipe, ace108, sporttr).
NeosCoin will drop below the November 2018 low (5 voters as of 3 PM EST January 4: sqlinsix, votum, novus-locus, barbadosso, galasek).
Check that volume spike on the first image, I do like to see that coming off a low :)
https://www.reddit.com/r/NeosCoin/comments/9gx29k/neos_statement_regarding_delisting_from/
The volume spike happened after the Poloniex delisting.
I wonder why.
I just think the peak is too far away to be taken out in such a low amount of time, and it doesn't seem to me that it is going down either, so, easy prediction (I believe).
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