$GAS Attempting to Break Out - 12-13-2017$NEO $GAS is now trading above the key level which is the high of the previous low candle (see chart). At this moment though price has tagged the midline of the Bollinger Band. We need to be patient and wait for price to close above that level and this may take a few days.
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GASBTC trade ideas
Neo GAS - Potential Reversal Pattern - 12-12-2017This is a classic reversal pattern on the Bollinger Bands.
1. Tag the BB
2. Move sideways for a few days
3. Close above the lowest candle to touch the BB
The same pattern set up on the 11/29 drop but price never closed above that candle.
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$GAS - 12-2-2017Will GAS find support here at the juncture of the 21 and 50 Day Bollinger Bands?
At the meetup in 'San Francisco' on Thursday night, Da Hongfei said the following about $GAS
Gas will be the payment method for operating on the Neo blockchain
For individual and non-corporate use, transactions will be free for up to 10 transactions (didn't say over what time period)
For corporate use, the GAS charge will not be cheap.
GAS is now about 1/2 the price of NEO. He expects that will reverse in the future.
I bought $GAS today on Binance. It was at least 50% less in fees than Bittrix (and Bittrix doesn't sell $GAS). And no fees when I transfered the $GAS to my Nano Ledger S. Excellent experience. Use this link if you want to sign up for Binance: www.binance.com
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GAS/BTC - Coiling up for a sharp return +62%?GAS has been falling steadly and seems now that has reached the base of the triangle.
Coupled with a sharp downtrend of BTC we might see a bull run towards the previous high at about +60%
A solid volume on breakout and stop losses on the way around the FIB retracements can help minimize drawdowns for sharp change of direction.
Trade Safe!
NeoGas future.How u see it?Im astounded by undervalue of this asset, or i think that way because im just deluded and biased bag holder? :D ,so i want u to help me understand if this main utility tool in NEO ecosystem will be as big as i think it will.
I started to accumulate this token by increasing demand and development of antshares/neo, tho i dont see much interest from majority of crypto players ,no matter that this token have such small cap of supply which deflates witch each and every neochain assets transaction or modification(keep in mind that neo icos are popping like shrooms after the good rain).I believe GAS will be more valuable then NEO , not because of x10 lower supply rate but because neo produce gas slowely and hasnt even started to consume it with this day 0 fee on transaction,and lack of movable / interactable ,while neo is governing token GAS is the main player in the ecosystem.
So im expecting at least x3 price increase in following months because of new assets in play .What im missing here or im correct and gas is really undervalued with best entry point now and soon we see sudden price spikes after more icos will finish,neon wallet updates for asset holding and exchanges start to list ?
Share your thoughts,speculations or biases about this asset and his future
P.s im green to Trading view and picture isnt relevant by more than gas price on posting date (and english isnt my native , i learning not just TA now )
$GAS towards $300? Long and short term viewI have high expectations for GAS.....
Fundamentally it will profit from new chinese regulations (which will come I believe strongly) and from coming ICO's on the NEO network (you need GAS to invest).
In a recent report, Palm Beach Confidential mentioned a price target of $ 300,- Thats a long road to go, but for 2018 I'm expecting a lot happening for GAS.
Looking at the charts, $300,- is far away and not any logical pattern indicating that target.
If we look shorter term, we can indicate a bottom after recent downtrend and a promising bounce.
Looks like we're in a 5 legs cycle up which might correct after reaching (5) before more upside to be expected.
Trading advice: you might want to wait for a correction after reaching (5), but on the other hand: if we hear positive news coming from Chinese regulators.... Oh boy, buckle up!!
As this is a long term hold for me, I will try to update this regularly.
happy trading!
GAS in flat correction$GAS after a strong 5 legs up and doing a ABC correction all the way down to the .786 fib retrace its doing a flat correction, this could take a while, could be good to accumilate some here. Only after breakout out above the yellow line out of the flat correction we can expect some nice action. I dont expect it to go under the 0.786 fib.
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GAS - BTC - Graphing chartI honestly believe whats going on with GAS as it is correlated with NEO is that there is less GAS than ETH out there and you need GAS when developing applications for NEO. What this means is that NEO will be recovering and although the Chinese GOVT hasn't come out with an "Official" statement the unofficial statement is that the NEO market will still be around as their company is willing to work with the chinese govt which means longevity in existance in China.
So seems like there is a lot of NEO application development going on at the moment.
This is a good BUY according to my analysis as we see the moving avg, the green has broken out over the rest of the pack
MV Avg Legend
GREEN - 7 day
RED - 21 day
ORANGE - 77 day
WHITE - 231 day
Let me know what you guys think
[HOW TO PROFIT AFTER ICO] Catching longterm trend and fat profitThis is no NORMAL ICO - I like to call it ADD-ICO
ICO's are Initial coin offerings, which is the moment that the coin is first offered for the market. ADD-ICO's on the other hand, consist in when the market already has some of the coins but yet it is going to reach new markets for the first time, for instance when a new exchange is added.
Since it's all new, there is no price expected, so the sellers will practically start a sell war, usually, it begins with very high prices but as soon as the first seller starts to lower the price a quick chain reaction happens, this huge gap is where you can profit largely. Look BCH, for instance, it remained on the $200 level for some days, which was perfect to accumulate and then it rallied all the way up to $900.
So this is a similar case here, first POLONIEX is known for only accept premium coin projects, so this is already a good sign. Second, the down movement is not only deaccelerating but also it's reversing.
You can see how the RSI, which shows the strength of the trend slowly moves up to the positive level, basically, RSI means the strength of the trend when it's under the black(50) line, it means negative. If it's above, it's an uptrend. Also when the movement is aggressive the chart get's volatile and more unpredictable - which is not the case.
Even though the RSI went down a little bit recently, the STOCH's show how it is in an oversold position which is good because it means that a reinforcement for the bull force, and also shows how buyers are slowly moving towards a healthy bull market.
If you want to play safe you wait until the RSI crosses the black(50) line and stays there most of the time, or you can start accumulating slowly at the minimum price possible and holding it for a longer time(month+) and sell it for a good profit - hardly ever those coins go down after the bounce post ADD-ICO.