This is a neobtc chart. Now we analyze neousd chart, but we can find similarity between previous pump and current chart flow. The previous thing made high point three times, and breakout two times. And we can see peak three times, and a breakout in current chart. So if second breakout occurs, it will be a catalyst for pump.
This is a long-term view. How far can Neo go? Once the price starts to rise, Only the market know. But I just know where the price can resist. The green lines shown on the chart are strong resistance lines.
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This is a ETH chart. Neo's current position is where the red fingers point in the ETH chart.
And now?
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log scale.
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Did you see it? NEO strongly has broken the downtrend resistance in the daily candle chart. This is a good buy signal for short-term trading. Also It can be a sign of huge movement.
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Anybody there? Mid term target reached :D
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The following scenarios.
The price is converging to one point. The shape is like a wedge, but the wedge is a continuation pattern. So we do not have to focus on patterns. This is a just convergence. And it means a general convergence before the sudden move of the price. If the price breaks the resistance line, we can expect an immediate Neo rise.
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Oh, of course, Neo can go right up to the next goal right now.
Same analysis for me. I made huge profit on ETH following this. I stay long on ETH and NEO and I'm not afrait about the BTC. It's the blueship, just keep sailing.
RvdH
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I am only wondering how a potentially sharp correction of BTC in the short-term could affect this picture. Do you have any thoughts on that?
AroDnap
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@RvdH,
I also thought about BTC correction.
First picture, Neo pumps before BTC correction. In this case, we think that decoupling may occur.
Second thing, Neo may delay pumping time. Immediately after BTC correction, buying psychology can be recovered and pumped.
abdqeb
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Didnt neo pump due to rumors last time? I dont think such a strong pump is to be expected.