NEO (Bittrex: NEOBTC) 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 wave one advance in February 2017. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in January 2018, and the red wave two (blue sub-waves a-b-c) correction ended in September this year. If this wave count is correct, NEO should be heading next towards the January 2018 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
NEO is an open network for the smart economy. Coin Bureau reviewed the project one week ago.
(Sources: https://neo.org/)How Will NEO Trade?
NEO (Bittrex: NEOBTC) weekly chart by Tradingview.
(Chart courtesy of Tradingview.com (log scale))
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