NeosCoin (NEOSUSD) has broken out of the triangle pattern in the daily chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, NeosCoin began a wave one advance on October 24, 2017. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on December 29, 2017, and the red wave two (blue sub-waves a-b-c) correction ended on February 6 this year. If this wave count is correct, NeosCoin should be heading next towards the December 29, 2017 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Looking at the weekly chart, I believe NeosCoin is currently in the red wave five (blue sub-wave iii). The red wave five began on October 24, 2017.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
NeosCoin is trying to do something similar to Steemit. Here is the roadmap for the February. They are planning for a hard fork from V3 beta to V3 production.
(Sources: https://www.neos.sh/ and Roadmap)
If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "NeosCoin will takeout the December 29, 2017 peak".
If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "NeosCoin will drop below the October 24, 2017 low".
If you think NeosCoin is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "NeosCoin will stay in a trading range between the October 24, 2017 low and the December 29, 2017 peak until March 24".
You can upvote the comment until 3 PM EST February 22 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).
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