Hello Everyone.
Let's get into it. Below we see a daily chart of Neo. The main white line you see is from the 2018 highs. We have successfully close above it and have tested the line. Bitcoin did this exact same thing in august... I'll show later. Let's see what the waves are possible saying...
Below we see the intermediate waves in blue and the minor waves in yellow. Keep in mind a may change the degrees as this evolves but atm this looks to be good. We see a 1,2 and 1,2 count on intermediate and minor degrees, which means a nice third wave should underway probably when eth makes and closes the ATH on a weekly and daily basis.
If you're wondering why I'm thinking Neo is going to go up similar to what bitcoin did in the third and fourth quarters, I'll show you what I have for comparison.
Below is a daily BTC chart, Please ignore to top waves and the resistance/support lines... the only line I want you to pay attention to is the white line the arrow points to. This is the 2018 resistance line. Blue intermediate wave ends just below this line and then breaks it which a minor wave 1 in yellow. Then minor wave 2 goes back to test the 2018 resistance line in the red circle... We know what happened next...
I thought it was an interesting comparison between the two cryptos... Since bitcoin leads the crypto market and is the first mover... we can expect the others to follow a similar fashion on their own terms of course. Neo looks to be the exact same count and doing to exact same tests BTC did before its epic move to 42k.
What's in store for neo?
Buy up to for Neo is $25
If you want a cheaper coin you can get Gas which is a buy up to $20 but is currently under 2 bucks. It works on the Neo network to confirm transactions and such.
To Decentralized Freedom!!!
