NEO is Hunting for a Bottom
SUMMARY
NEO's pathway towards the bottom of this correction has 36 possibilities of combinations, per Elliott Wave corrections. One of them is shown below where the Elliott Waves (white) completed five waves up. Post five waves, there is a requisite correction and that could be an a,b,c format. However this correction could still go sideways. The MACD has converged and crossed (blue circle). The red C wave of the abc correction is likely not complete, if this pathway is correct.
I believe the Altcoins almost don't know how to correct quickly. The Hurry UP & Wait syndrome could trigger any number of lagging or sideways prive movement to eat more time. An a,b,c,d,e triangle often becomes a very good pattern to enable that objective. Another would be a triple type of combination wxyxz. However, the signs of that is not yet seen but certainly probable.
IF the below is to have impact on probable price pathway, then the MACD would need to curl up and turn as shown in the below chart. The bottom support line would also need to hold.
Legal Disclaimer: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
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Unless NEO can do something to differentiate itself from the herd, it will just continue to follow the herd.
using ladding tech thanks!! $140,$120,$100,$80! total 4% cryprto with 1.5% gas kicker
Founded by Da Hongfei, the NEO team is one of the most highly valued around. Originally it was named AntShares and was even considered "China's first blockchain platform."
For those that don't know what NEO is... Think of NEO similar to Ethereum in the sense of smart contracts; however, NEO has taken it a step further. For one thing it closes some vulnerability gaps the Ethereum has. NEO is taking the approach of getting on the Chinese government's good side and basically teaming up with them.
Haejin could turn me into a rap superstar if he wanted.....
Just sayin.
Haejin Blog Is Filled With Poo
Quality has definitely been on the decline. Very quickly thrown together if you ask me.
Muchas gracias por compartir tus análisis
I would like NEO to drop to $95 if this is true. Great opportunity to buy and with NEO you get free GAS daily for those who didn't know. To my knowledge it is the only crypto that pays you a dividend.
Hoping for your target bottom so I can buy!
Love to see both experts view on same cryptos. Haejin can you provide predict target like @salahuddin2004 did in his prediction.
Cut the shit with this guy. This isn’t a competition.
ILL GIVE YOU A BIG POO
THIS GUY IS A COMPLETE FRAUD!! STEALING TRADING VIEW POSTS AND RECOMMENDS HIMSELF WITH HIS OWN ALIASES, SERIOUSLY.... USE THAT SAME ENERGY TO LEARN FROM @HAEJIN AND MAKE YOUR OWN MONEY, LIKE MANY WHO HAVE BEEN FOLLOWING HIM SINCE MONTHS AGO...
Love to see both experts view on same cryptos. Haejin can you provide predict target like @salahuddin2004 did in his prediction.
I ALSO PREDICT THAT @salahuddin2004 PREDICTION ARE ALL NOT ACCURATE. AND IT SEEMS ALL THE POST HERE YOU ADVERTISE THAT ACCOUNT ON DIFFERENT ACCOUNT? WHY?
THIS GUY IS A COMPLETE FRAUD!! STEALING TRADING VIEW POSTS AND RECOMMENDS HIMSELF WITH HIS OWN ALIASES, SERIOUSLY.... USE THAT SAME ENERGY TO LEARN FROM @HAEJIN AND MAKE YOUR OWN MONEY, LIKE MANY WHO HAVE BEEN FOLLOWING HIM SINCE MONTHS AGO...
The main idea is to collect as many bitcoins possible as in the near future the block reward is expected to be halved. While steam might be a good platform there are many others ways to stay well ahead in the crypto race . I shall be covering all crypocurunncices and the easiest ways to buy them. Thank you for your support. Have a blessed day friends!
Thanks @haejin, can you provide an update on Eth. What do you think will be the land zone.
C'mon Haejin, where you been all day? Call this bottom? Or just address it...
HE'S BEEN WORKING ON OTHER TECHNICAL ANAL CHARTS
