NeuCoin (NEU) Needs to Breach the Upper Trend Line

in #neucoin7 years ago

SUMMARY

NeuCoin (NEU) completed five waves up impulse and the correction has done its best to be the best time pacman possible. The blue parallel lines show pretty well the retracement. Usually, when price keeps hugging the upper trend line as it has been for the past few days, it's an indication of a potential breakout.

IF the breakout scenario is labeled with Elliott Waves, the below chart shows that waves 1 and 2 could be complete and so wave 3 would take price out of the parallel line channel. This won't happen without the Cryptosphere market also turning.

Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: 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
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?

Follow me on Twitter for Real Time Alerts!!
Follow me on StockTwits for UpDates!!
--
--

Sort:  

As Bitcoin goes, do goes the price of the alts. Alts are tied to BTC and BTC is tied to news. Good news, BTC goes up. Bad news, all cryptos plunge

Bitcoin is moving sideways so every other coins is doing the same...Even ethereum with all its ICO's running on its platform...

is the correction phase over

Hey @haejin made you a new Steemit banner... (your current one is a little sore on the eye) hope you love it friend! :)

What a beauty @investingtips, I hope he uses it :)

No, as there is no technical confirmation about the end:( Now I see a bearish flag for more plunge possibly to break (C) wave low.

@andriustovis No one was really asking you. Would have gone to your channel for information from you.

Could you please do an update on Omisego?

Hi @haejin,

It seems you got a $6.8525 upvote from @btu at the last minute before the payout. (21.76h) and this comment is to make everyone aware.

Please follow @abusereports for additional reports of potential reward pool abuse. Thank you.

Hi @haejin,

It seems you got a $6.7184 upvote from @bcc at the last minute before the payout. (21.75h) and this comment is to make everyone aware.

Please follow @abusereports for additional reports of potential reward pool abuse. Thank you.

Hi @haejin,

It seems you got a $24.2102 upvote from @done at the last minute before the payout. (21.74h) and this comment is to make everyone aware.

Please follow @abusereports for additional reports of potential reward pool abuse. Thank you.

Good informative post.Now i learn about neo.

Nice post. Great to see a new currency evolving so fast.

Very clean charts. Simplicity is great for learning and personal practice. Thank you for sharing. Smarter after every post. Much appreciated by @cryptoryno33

resistance is being tested pretty nicely. It's looking good, thanks for the update.

The past few days hasn't been so great

thats not really necessary

Neucoin is making news right there!

This is really good for us.

Hallo haejin!What do you think about that ICO TraDove?

Very good post you have given a gift, every point written here is very important that all of us should know that in future you will get such a better post in front of us.

Congratulations @haejin, this post is the fifth most rewarded post (based on pending payouts) in the last 12 hours written by a Superhero or Legend account holder (accounts hold greater than 100 Mega Vests). The total number of posts by Superhero and Legend account holders during this period was 40 and the total pending payments to posts in these categories was $2863.46. To see the full list of highest paid posts across all accounts categories, click here.

If you do not wish to receive these messages in future, please reply stop to this comment.

what's your count on Bitshares?

@haejin Please I need you to check this and kindly make your comment. Ill be glad if you do.
A must seen for all STEEMIAN. The Community is becoming something else

https://steemit.com/steemit/@aremuadekunle/this-must-end-on-steem-stop-jealousy-stop

We don't have to be biased on things we do. Check it out and drop your comment on how you feel about it

Good imported, crypto is down. Resteem

Coins mentioned in post:

CoinPrice (USD)📈 24h📉 7d
EOSEOS8.178$3.48%-16.68%
NEUNeumark0.714$9.29%-14.71%
QAUQuantum0.257$17.69%8.85%
WAVESWaves6.672$2.44%-18.11%