NeosCoin has broken out of the triangle pattern in the four-hour chart.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, NeosCoin began a wave one advance in August 2015. The wave one finished in September 2016, and the wave two correction ended on January 5 this year. The wave three advance finished on June 30, and the wave four correction ended on July 31. If this wave count is correct, NeosCoin should be heading next towards the June 30 peak in the wave five.
(Chart courtesy of Tradingview.com)
If you think this analysis is correct, upvote this post and upvote the comment "NeosCoin will takeout the June 30 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "NeosCoin will drop below the January 5 low".
If you think NeosCoin is in a range, upvote this post and upvote the comment "NeosCoin will stay in a trading range between the January 5 low and the June 30 peak until September 5".
You can upvote the comment until 3 PM EST August 6 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.
