If Neo decides to take off vs BTC Neo could really become a powerhouse putting in a giant ascending triangle vs Bitcoin. If Neo holds the white support lines and forms the right shoulder of the inverse H&S indicated by the orange circle, good things to come. Volume profile showing good support underneath current prices. Probably will be stopped out with my stop...
Personally I love Lunyr it looks like a decentralized Wikipedia with more incentives. If lunyr can break upwards out of the symm triangle its potentially forming it will stay in the channel and if it holds I'm thinking Lunyr can really have the chance to take off. The main indicator I'm watching is the MACD as it is shooting upwards giving great signs. One...
The signs were there when Bitcoin was about to dump if you incorporate some Elliot Wave and stock analysis. During the recent run to 10k Bitcoin did show bearish patterns prior to dumping to where it is now. Classic symmetrical triangle leading to the last impulse in price upwards. And when price did fall it formed a sneaky nasty Head and shoulders top as seen on...
Could Verge possibly be putting in the same fractal as last market cycle? If so its path would likely be this. The Volume profile also shows heavy support below the triangle. So Shorterm it isn't looking pretty except for maybe a bounce play. Longterm I plan on seeing Verge take off around September if not, trend sideways till the next altcoin cycle. Let me know...
Looks like Neo is breaking down through a major support trendline. Many investors might be scared but if you look at the Neo chart as a whole it's looking like a giant ascending triangle! Bigger timeframes > smaller TF So in my opinion this will be a bullish wick and I plan to buy once it has broken through the bottom trendline. #dyor