Neo (Binance: NEOUSDT) 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, NEO began a red wave one advance in March 2020. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked in May 2021 and the red wave two (blue sub-waves a-b-c) correction ended in December 2022. If this wave count is correct, NEO should be heading next towards the May 2021 peak in the red wave three.
(Chart courtesy of Tradingview.com(log scale))
Funnymentals
Neo was founded 2014 and has grown into a first-class smart contract platform. You can read their 2022 lookback here.
(Sources: https://neo.org/)
How Will Neo Trade?
Neo (Binance: NEOUSDT) weekly chart by Tradingview.
(Chart courtesy of Tradingview.com(log scale))
Prizes
I will be giving upvotes to the correct answers (posts only).
Rules
This poll will expire in one week. Only one vote per person.
Which one will happen first?
Please select one of the three choices and comment below.
NEO will takeout the March 2022 peak
NEO will drop below the December 2022 low
NEO will stay in a trading range between the December 2022 low and the March 2022 peak until March 31
